REI Lense

REI Lense

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$2,998 (target)

4094 Bluebird Ln, Salem, VA 24153

3 beds • 3 baths • 4346 sqft

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This property looks like a bad Long-Term investment with a projected -16.45% first-year return on $142k initial cash invested.

-16.45%

Cash On Cash

2.79%

Cap Rate

0.47

DSCR

$2,998

Rent

-$1,943

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,998 income − $4,941 expenses = $1,943 out of pocket

Income$2,998Out of Pocket$1,943Mortgage P&I$3,361112%Property Taxes$56419%Insurance$2368%Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$675k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$135k

Closing costs

1%

$6,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,998

Total Expenses

$4,941

Mortgage P&I

112%

$3,361

Property Taxes

19%

$564

Home Insurance

8%

$236

HOA

0%

$0

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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