REI Lense

REI Lense

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$2,179 (target)

2544 Drum Creek Rd, Chesapeake, VA 23321

3 beds • 2 baths • 1714 sqft

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This property looks like a bad Long-Term investment with a projected -10.73% first-year return on $78,750 initial cash invested.

-10.73%

Cash On Cash

4.23%

Cap Rate

0.69

DSCR

$2,179

Rent

-$704

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,179 income − $2,883 expenses = $704 out of pocket

Income$2,179Out of Pocket$704Mortgage P&I$1,91788%Property Taxes$26812%Insurance$1316%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,179

Total Expenses

$2,883

Mortgage P&I

88%

$1,917

Property Taxes

12%

$268

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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