REI Lense

REI Lense

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$2,430 (target)

3037 Monet Dr, Virginia Beach, VA 23453

3 beds • 2 baths • 1381 sqft

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This property looks like a bad Long-Term investment with a projected -11.27% first-year return on $83,979 initial cash invested.

-11.27%

Cash On Cash

4.55%

Cap Rate

0.69

DSCR

$2,430

Rent

-$789

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,430 income − $3,219 expenses = $789 out of pocket

Income$2,430Out of Pocket$789Mortgage P&I$2,18290%Property Taxes$26411%Insurance$1406%Management$24310%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,979

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,430

Total Expenses

$3,219

Mortgage P&I

90%

$2,182

Property Taxes

11%

$264

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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