REI Lense

REI Lense

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$2,585 (target)

612 Blue Lake Ct, Virginia Beach, VA 23462

3 beds • 2 baths • 2140 sqft

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This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $107k initial cash invested.

-12.53%

Cash On Cash

3.58%

Cap Rate

0.61

DSCR

$2,585

Rent

-$1,118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,585 income − $3,703 expenses = $1,118 out of pocket

Income$2,585Out of Pocket$1,118Mortgage P&I$2,51097%Property Taxes$34413%Insurance$1787%Management$25810%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

|

Purchase Price

$510k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$102k

Closing costs

1%

$5,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,585

Total Expenses

$3,703

Mortgage P&I

97%

$2,510

Property Taxes

13%

$344

Home Insurance

7%

$178

HOA

0%

$0

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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