REI Lense

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$2,472 (target)

2806 Cove Ridge Rd, Midlothian, VA 23112

3 beds • 3 baths • 1931 sqft

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This property looks like a bad Long-Term investment with a projected -12.11% first-year return on $83,433 initial cash invested.

-12.11%

Cash On Cash

4.42%

Cap Rate

0.67

DSCR

$2,472

Rent

-$842

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,472 income − $3,314 expenses = $842 out of pocket

Income$2,472Out of Pocket$842Mortgage P&I$2,18088%Property Taxes$27411%Insurance$1406%HOA$773%Management$24710%CapEx$1245%Vacancy$1486%Maintenance$1245%

Investment Breakdown

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Purchase Price

$397k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,433

Downpayment

20%

$79,460

Closing costs

1%

$3,973

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,472

Total Expenses

$3,314

Mortgage P&I

88%

$2,180

Property Taxes

11%

$274

Home Insurance

6%

$140

HOA

3%

$77

Property Management

10%

$247

CapEx

5%

$124

Vacancy

6%

$148

Maintenance

5%

$124

Other

0%

$0

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