REI Lense

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$1,846 (target)

4022 Reed Creek Dr, Bassett, VA 24055

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $68,190 initial cash invested.

-5.28%

Cash On Cash

5.65%

Cap Rate

0.83

DSCR

$1,846

Rent

-$300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,846 income − $2,146 expenses = $300 out of pocket

Income$1,846Out of Pocket$300Mortgage P&I$1,35273%Property Taxes$473%Insurance$1196%Management$22212%CapEx$744%Vacancy$553%Maintenance$744%Other$20311%

Investment Breakdown

|

Purchase Price

$239k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,190

Downpayment

20%

$47,800

Closing costs

1%

$2,390

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,846

Total Expenses

$2,146

Mortgage P&I

73%

$1,352

Property Taxes

3%

$47

Home Insurance

6%

$119

HOA

0%

$0

Property Management

12%

$222

CapEx

4%

$74

Vacancy

3%

$55

Maintenance

4%

$74

Other

11%

$203

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