REI Lense

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$2,588 (target)

40 High St, Rocky Mount, VA 24151

3 beds • 2 baths • 1836 sqft

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This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $96,036 initial cash invested.

-4.69%

Cash On Cash

5.14%

Cap Rate

0.85

DSCR

$2,588

Rent

-$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,588 income − $2,963 expenses = $375 out of pocket

Income$2,588Out of Pocket$375Mortgage P&I$1,86272%Property Taxes$863%Insurance$1335%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%

Investment Breakdown

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Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,036

Downpayment

20%

$74,320

Closing costs

1%

$3,716

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,588

Total Expenses

$2,963

Mortgage P&I

72%

$1,862

Property Taxes

3%

$86

Home Insurance

5%

$133

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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