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$3,321 (target)

248 S River Rd, Covington, VA 24426

3 beds • 2 baths • 2732 sqft

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This property might be a fair Mid-Term investment with a projected 1.66% first-year return on $92,277 initial cash invested.

1.66%

Cash On Cash

6.99%

Cap Rate

1.15

DSCR

$3,321

Rent

$128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,321 income − $3,193 expenses = $128 cash flow

Income$3,321Mortgage P&I$1,79854%Property Taxes$1364%Insurance$1294%Management$39912%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36511%Cash Flow$128

Investment Breakdown

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Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,277

Downpayment

20%

$70,740

Closing costs

1%

$3,537

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,321

Total Expenses

$3,193

Mortgage P&I

54%

$1,798

Property Taxes

4%

$136

Home Insurance

4%

$129

HOA

0%

$0

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$365

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