REI Lense

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$2,916 (target)

3319 Florida Ave, Richmond, VA 23222

3 beds • 3 baths • 2100 sqft

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This property looks like a bad Mid-Term investment with a projected -1.95% first-year return on $86,250 initial cash invested.

-1.95%

Cash On Cash

6.48%

Cap Rate

0.99

DSCR

$2,916

Rent

-$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,916 income − $3,056 expenses = $140 out of pocket

Income$2,916Out of Pocket$140Mortgage P&I$1,77961%Property Taxes$1716%Insurance$1144%Management$35012%CapEx$1174%Vacancy$873%Maintenance$1174%Other$32111%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,916

Total Expenses

$3,056

Mortgage P&I

61%

$1,779

Property Taxes

6%

$171

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$87

Maintenance

4%

$117

Other

11%

$321

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