REI Lense

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$2,649 (target)

255 Homestead Ln, Charlottesville, VA 22902

3 beds • 3 baths • 2151 sqft

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This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $117k initial cash invested.

-14.74%

Cash On Cash

3.2%

Cap Rate

0.53

DSCR

$2,649

Rent

-$1,438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,649 income − $4,087 expenses = $1,438 out of pocket

Income$2,649Out of Pocket$1,438Mortgage P&I$2,792105%Property Taxes$39215%Insurance$2018%HOA$141%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

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Purchase Price

$557k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$111k

Closing costs

1%

$5,573

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,649

Total Expenses

$4,087

Mortgage P&I

105%

$2,792

Property Taxes

15%

$392

Home Insurance

8%

$201

HOA

1%

$14

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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