REI Lense

REI Lense

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$2,814 (target)

4703 Glenspring Rd, Richmond, VA 23223

3 beds • 2 baths • 1184 sqft

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This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $87,290 initial cash invested.

-3.09%

Cash On Cash

6.19%

Cap Rate

0.94

DSCR

$2,814

Rent

-$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,814 income − $3,039 expenses = $225 out of pocket

Income$2,814Out of Pocket$225Mortgage P&I$1,81564%Property Taxes$1505%Insurance$1164%Management$33812%CapEx$1134%Vacancy$843%Maintenance$1134%Other$31011%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,290

Downpayment

20%

$65,990

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,814

Total Expenses

$3,039

Mortgage P&I

65%

$1,815

Property Taxes

5%

$150

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$84

Maintenance

4%

$113

Other

11%

$310

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