REI Lense

REI Lense

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$1,989 (target)

4020 Forresthills Dr, Portsmouth, VA 23703

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -11.84% first-year return on $76,650 initial cash invested.

-11.84%

Cash On Cash

3.81%

Cap Rate

0.64

DSCR

$1,989

Rent

-$756

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,989 income − $2,745 expenses = $756 out of pocket

Income$1,989Out of Pocket$756Mortgage P&I$1,81691%Property Taxes$28514%Insurance$1286%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,989

Total Expenses

$2,745

Mortgage P&I

91%

$1,816

Property Taxes

14%

$285

Home Insurance

6%

$128

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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