REI Lense

REI Lense

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$1,231 (target)

4022 Reed Creek Dr, Bassett, VA 24055

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Long-Term investment with a projected -14.54% first-year return on $50,190 initial cash invested.

-14.54%

Cash On Cash

4.05%

Cap Rate

0.6

DSCR

$1,231

Rent

-$608

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,231 income − $1,839 expenses = $608 out of pocket

Income$1,231Out of Pocket$608Mortgage P&I$1,352110%Property Taxes$474%Insurance$11910%Management$12310%CapEx$625%Vacancy$746%Maintenance$625%

Investment Breakdown

|

Purchase Price

$239k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,190

Downpayment

20%

$47,800

Closing costs

1%

$2,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,231

Total Expenses

$1,839

Mortgage P&I

110%

$1,352

Property Taxes

4%

$47

Home Insurance

10%

$119

HOA

0%

$0

Property Management

10%

$123

CapEx

5%

$62

Vacancy

6%

$74

Maintenance

5%

$62

Other

0%

$0

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