REI Lense

REI Lense

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$2,475 (target)

4516 Nine Mile Rd, Richmond, VA 23223

3 beds • 2 baths • 2122 sqft

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This property looks like a bad Long-Term investment with a projected -4.91% first-year return on $75,243 initial cash invested.

-4.91%

Cash On Cash

5.33%

Cap Rate

0.9

DSCR

$2,475

Rent

-$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,475 income − $2,783 expenses = $308 out of pocket

Income$2,475Out of Pocket$308Mortgage P&I$1,77672%Property Taxes$2329%Insurance$1315%Management$24810%CapEx$1245%Vacancy$1486%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,243

Downpayment

20%

$71,660

Closing costs

1%

$3,583

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,475

Total Expenses

$2,783

Mortgage P&I

72%

$1,776

Property Taxes

9%

$232

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$148

Maintenance

5%

$124

Other

0%

$0

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