REI Lense

REI Lense

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$2,133 (target)

45 Elm Ave, Newport News, VA 23601

3 beds • 2 baths • 1606 sqft

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This property looks like a bad Long-Term investment with a projected -10.47% first-year return on $74,529 initial cash invested.

-10.47%

Cash On Cash

4.29%

Cap Rate

0.7

DSCR

$2,133

Rent

-$650

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,133 income − $2,783 expenses = $650 out of pocket

Income$2,133Out of Pocket$650Mortgage P&I$1,81385%Property Taxes$29114%Insurance$1246%Management$21310%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,529

Downpayment

20%

$70,980

Closing costs

1%

$3,549

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,133

Total Expenses

$2,783

Mortgage P&I

85%

$1,813

Property Taxes

14%

$291

Home Insurance

6%

$124

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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