REI Lense

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$1,309 (target)

317 E Pennsylvania St, Covington, VA 24426

3 beds • 2 baths • 1398 sqft

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This property looks like a bad Long-Term investment with a projected -4.82% first-year return on $38,829 initial cash invested.

-4.82%

Cash On Cash

5.79%

Cap Rate

0.91

DSCR

$1,309

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,309 income − $1,465 expenses = $156 out of pocket

Income$1,309Out of Pocket$156Mortgage P&I$98375%Property Taxes$776%Insurance$655%Management$13110%CapEx$655%Vacancy$796%Maintenance$655%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,829

Downpayment

20%

$36,980

Closing costs

1%

$1,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,309

Total Expenses

$1,465

Mortgage P&I

75%

$983

Property Taxes

6%

$77

Home Insurance

5%

$65

HOA

0%

$0

Property Management

10%

$131

CapEx

5%

$65

Vacancy

6%

$79

Maintenance

5%

$65

Other

0%

$0

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