REI Lense

REI Lense

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$2,538 (target)

57 Chestnut Tree Rd, Martinsville, VA 24112

3 beds • 2 baths • 1260 sqft

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This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $99,879 initial cash invested.

-6.27%

Cash On Cash

4.89%

Cap Rate

0.79

DSCR

$2,538

Rent

-$522

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,538 income − $3,060 expenses = $522 out of pocket

Income$2,538Out of Pocket$522Mortgage P&I$2,00979%Property Taxes$512%Insurance$1365%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$27911%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,538

Total Expenses

$3,060

Mortgage P&I

79%

$2,009

Property Taxes

2%

$51

Home Insurance

5%

$136

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$279

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