REI Lense

REI Lense

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$2,546 (target)

305 Clipper Creek Ln, Smithfield, VA 23430

3 beds • 3 baths • 2080 sqft

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This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $94,500 initial cash invested.

-12.01%

Cash On Cash

4.22%

Cap Rate

0.66

DSCR

$2,546

Rent

-$946

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,546 income − $3,492 expenses = $946 out of pocket

Income$2,546Out of Pocket$946Mortgage P&I$2,40194%Property Taxes$2209%Insurance$1586%HOA$512%Management$25510%CapEx$1275%Vacancy$1536%Maintenance$1275%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,500

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,546

Total Expenses

$3,492

Mortgage P&I

94%

$2,401

Property Taxes

9%

$220

Home Insurance

6%

$158

HOA

2%

$51

Property Management

10%

$255

CapEx

5%

$127

Vacancy

6%

$153

Maintenance

5%

$127

Other

0%

$0

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