REI Lense

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$3,090 (target)

6189 Corntassel Ln, Roanoke, VA 24018

3 beds • 2 baths • 1552 sqft

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This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $92,655 initial cash invested.

-1.54%

Cash On Cash

6.03%

Cap Rate

1

DSCR

$3,090

Rent

-$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,090 income − $3,209 expenses = $119 out of pocket

Income$3,090Out of Pocket$119Mortgage P&I$1,78158%Property Taxes$2468%Insurance$1304%Management$37112%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34011%

Investment Breakdown

|

Purchase Price

$356k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,655

Downpayment

20%

$71,100

Closing costs

1%

$3,555

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,090

Total Expenses

$3,209

Mortgage P&I

58%

$1,781

Property Taxes

8%

$246

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$371

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$340

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