REI Lense

REI Lense

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$1,580 (target)

2789 Reed Creek Dr, Bassett, VA 24055

3 beds • 3 baths • 3248 sqft

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This property looks like a bad Long-Term investment with a projected -5.67% first-year return on $50,379 initial cash invested.

-5.67%

Cash On Cash

5.39%

Cap Rate

0.87

DSCR

$1,580

Rent

-$238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,580 income − $1,818 expenses = $238 out of pocket

Income$1,580Out of Pocket$238Mortgage P&I$1,23678%Property Taxes$553%Insurance$1167%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,580

Total Expenses

$1,818

Mortgage P&I

78%

$1,236

Property Taxes

3%

$55

Home Insurance

7%

$116

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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