REI Lense

REI Lense

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$2,214 (target)

248 S River Rd, Covington, VA 24426

3 beds • 2 baths • 2732 sqft

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This property looks like a bad Long-Term investment with a projected -6.87% first-year return on $74,277 initial cash invested.

-6.87%

Cash On Cash

5.03%

Cap Rate

0.83

DSCR

$2,214

Rent

-$425

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,214 income − $2,639 expenses = $425 out of pocket

Income$2,214Out of Pocket$425Mortgage P&I$1,79881%Property Taxes$1366%Insurance$1296%Management$22110%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,277

Downpayment

20%

$70,740

Closing costs

1%

$3,537

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,214

Total Expenses

$2,639

Mortgage P&I

81%

$1,798

Property Taxes

6%

$136

Home Insurance

6%

$129

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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