REI Lense

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$2,370 (target)

2789 Reed Creek Dr, Bassett, VA 24055

3 beds • 3 baths • 3248 sqft

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This property might be a fair Mid-Term investment with a projected 2.76% first-year return on $68,379 initial cash invested.

2.76%

Cash On Cash

7.44%

Cap Rate

1.2

DSCR

$2,370

Rent

$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,370 income − $2,213 expenses = $157 cash flow

Income$2,370Mortgage P&I$1,23652%Property Taxes$552%Insurance$1165%Management$28412%CapEx$954%Vacancy$713%Maintenance$954%Other$26111%Cash Flow$157

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,370

Total Expenses

$2,213

Mortgage P&I

52%

$1,236

Property Taxes

2%

$55

Home Insurance

5%

$116

HOA

0%

$0

Property Management

12%

$284

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$261

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