REI Lense

REI Lense

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$2,655 (target)

6224 Forest Grove Dr, Fredericksburg, VA 22407

3 beds • 3 baths • 1876 sqft

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This property looks like a bad Long-Term investment with a projected -10.98% first-year return on $94,332 initial cash invested.

-10.98%

Cash On Cash

4.49%

Cap Rate

0.7

DSCR

$2,655

Rent

-$863

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,655 income − $3,518 expenses = $863 out of pocket

Income$2,655Out of Pocket$863Mortgage P&I$2,41091%Property Taxes$2409%Insurance$1636%HOA$141%Management$26610%CapEx$1335%Vacancy$1596%Maintenance$1335%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,332

Downpayment

20%

$89,840

Closing costs

1%

$4,492

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,655

Total Expenses

$3,518

Mortgage P&I

91%

$2,410

Property Taxes

9%

$240

Home Insurance

6%

$163

HOA

1%

$14

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$159

Maintenance

5%

$133

Other

0%

$0

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