REI Lense

REI Lense

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$1,372 (target)

610 Fayette St, Martinsville, VA 24112

3 beds • 2 baths • 1092 sqft

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This property could be a profitable Long-Term investment with a projected 17.33% first-year return on $23,121 initial cash invested.

17.33%

Cash On Cash

10.49%

Cap Rate

1.72

DSCR

$1,372

Rent

$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,372 income − $1,038 expenses = $334 cash flow

Income$1,372Mortgage P&I$55941%Property Taxes$786%Insurance$443%Management$13710%CapEx$695%Vacancy$826%Maintenance$695%Cash Flow$334

Investment Breakdown

|

Purchase Price

$110k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$23,121

Downpayment

20%

$22,020

Closing costs

1%

$1,101

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,372

Total Expenses

$1,038

Mortgage P&I

41%

$559

Property Taxes

6%

$78

Home Insurance

3%

$44

HOA

0%

$0

Property Management

10%

$137

CapEx

5%

$69

Vacancy

6%

$82

Maintenance

5%

$69

Other

0%

$0

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