REI Lense

REI Lense

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$1,692 (target)

57 Chestnut Tree Rd, Martinsville, VA 24112

3 beds • 2 baths • 1260 sqft

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This property looks like a bad Long-Term investment with a projected -13.85% first-year return on $81,879 initial cash invested.

-13.85%

Cash On Cash

3.54%

Cap Rate

0.57

DSCR

$1,692

Rent

-$945

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,692 income − $2,637 expenses = $945 out of pocket

Income$1,692Out of Pocket$945Mortgage P&I$2,009119%Property Taxes$513%Insurance$1368%Management$16910%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,692

Total Expenses

$2,637

Mortgage P&I

119%

$2,009

Property Taxes

3%

$51

Home Insurance

8%

$136

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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