REI Lense

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$2,060 (target)

6189 Corntassel Ln, Roanoke, VA 24018

3 beds • 2 baths • 1552 sqft

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This property looks like a bad Long-Term investment with a projected -10.17% first-year return on $74,655 initial cash invested.

-10.17%

Cash On Cash

4.22%

Cap Rate

0.7

DSCR

$2,060

Rent

-$633

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,060 income − $2,693 expenses = $633 out of pocket

Income$2,060Out of Pocket$633Mortgage P&I$1,78186%Property Taxes$24612%Insurance$1306%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$356k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,655

Downpayment

20%

$71,100

Closing costs

1%

$3,555

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,060

Total Expenses

$2,693

Mortgage P&I

86%

$1,781

Property Taxes

12%

$246

Home Insurance

6%

$130

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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