REI Lense

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$3,516 (target)

6201 Binns Ave, Richmond, VA 23225

3 beds • 2 baths • 1396 sqft

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This property might be a fair Mid-Term investment with a projected 5.52% first-year return on $83,310 initial cash invested.

5.52%

Cash On Cash

8.16%

Cap Rate

1.33

DSCR

$3,516

Rent

$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,516 income − $3,133 expenses = $383 cash flow

Income$3,516Mortgage P&I$1,59245%Property Taxes$2617%Insurance$842%Management$42212%CapEx$1414%Vacancy$1053%Maintenance$1414%Other$38711%Cash Flow$383

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,310

Downpayment

20%

$62,200

Closing costs

1%

$3,110

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,516

Total Expenses

$3,133

Mortgage P&I

45%

$1,592

Property Taxes

7%

$261

Home Insurance

2%

$84

HOA

0%

$0

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$105

Maintenance

4%

$141

Other

11%

$387

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