REI Lense

REI Lense

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$2,798 (target)

4113 Grantlake Rd, Richmond, VA 23234

3 beds • 2 baths • 1089 sqft

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This property looks like a bad Mid-Term investment with a projected -1.2% first-year return on $86,754 initial cash invested.

-1.2%

Cash On Cash

6.04%

Cap Rate

1.02

DSCR

$2,798

Rent

-$87

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,798 income − $2,885 expenses = $87 out of pocket

Income$2,798Out of Pocket$87Mortgage P&I$1,62358%Property Taxes$1947%Insurance$1164%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,754

Downpayment

20%

$65,480

Closing costs

1%

$3,274

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,798

Total Expenses

$2,885

Mortgage P&I

58%

$1,623

Property Taxes

7%

$194

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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