REI Lense

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$3,306 (target)

2905 Magnus Ln, Richmond, VA 23223

3 beds • 3 baths • 1428 sqft

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This property could be a profitable Mid-Term investment with a projected 13.2% first-year return on $66,930 initial cash invested.

13.2%

Cash On Cash

10.6%

Cap Rate

1.73

DSCR

$3,306

Rent

$736

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,306 income − $2,570 expenses = $736 cash flow

Income$3,306Mortgage P&I$1,19136%Property Taxes$1735%Insurance$822%Management$39712%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36411%Cash Flow$736

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,930

Downpayment

20%

$46,600

Closing costs

1%

$2,330

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,306

Total Expenses

$2,570

Mortgage P&I

36%

$1,191

Property Taxes

5%

$173

Home Insurance

2%

$82

HOA

0%

$0

Property Management

12%

$397

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$364

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