REI Lense

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$3,028 (target)

4305 2nd St, Richmond, VA 23223

3 beds • 2 baths • 1164 sqft

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This property might be a fair Mid-Term investment with a projected 1.38% first-year return on $86,250 initial cash invested.

1.38%

Cash On Cash

6.76%

Cap Rate

1.14

DSCR

$3,028

Rent

$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,028 income − $2,929 expenses = $99 cash flow

Income$3,028Mortgage P&I$1,61153%Property Taxes$1756%Insurance$1144%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$99

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,028

Total Expenses

$2,929

Mortgage P&I

53%

$1,611

Property Taxes

6%

$175

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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