REI Lense

REI Lense

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$2,267 (target)

3804 Caroline Ave, Portsmouth, VA 23701

3 beds • 2 baths • 2042 sqft

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This property might be a fair Long-Term investment with a projected 7.34% first-year return on $42,000 initial cash invested.

7.34%

Cash On Cash

8.32%

Cap Rate

1.36

DSCR

$2,267

Rent

$257

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,267 income − $2,010 expenses = $257 cash flow

Income$2,267Mortgage P&I$1,01645%Property Taxes$33515%Insurance$703%Management$22710%CapEx$1135%Vacancy$1366%Maintenance$1135%Cash Flow$257

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,267

Total Expenses

$2,010

Mortgage P&I

45%

$1,016

Property Taxes

15%

$335

Home Insurance

3%

$70

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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