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$3,708 (target)

2806 Cove Ridge Rd, Midlothian, VA 23112

3 beds • 3 baths • 1931 sqft

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This property looks like a bad Mid-Term investment with a projected -2.64% first-year return on $101k initial cash invested.

-2.64%

Cash On Cash

6.36%

Cap Rate

0.97

DSCR

$3,708

Rent

-$223

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,708 income − $3,931 expenses = $223 out of pocket

Income$3,708Out of Pocket$223Mortgage P&I$2,18059%Property Taxes$2747%Insurance$1404%HOA$772%Management$44512%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40811%

Investment Breakdown

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Purchase Price

$397k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,460

Closing costs

1%

$3,973

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,708

Total Expenses

$3,931

Mortgage P&I

59%

$2,180

Property Taxes

7%

$274

Home Insurance

4%

$140

HOA

2%

$77

Property Management

12%

$445

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$408

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