REI Lense

REI Lense

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$3,486 (target)

6342 Meriwether Ln, Springfield, VA 22150

3 beds • 3 baths • 2816 sqft

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This property looks like a bad Long-Term investment with a projected -19.04% first-year return on $185k initial cash invested.

-19.04%

Cash On Cash

2.31%

Cap Rate

0.38

DSCR

$3,486

Rent

-$2,932

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,486 income − $6,418 expenses = $2,932 out of pocket

Income$3,486Out of Pocket$2,932Mortgage P&I$4,451128%Property Taxes$74621%Insurance$3159%Management$34910%CapEx$1745%Vacancy$2096%Maintenance$1745%

Investment Breakdown

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Purchase Price

$880k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$185k

Downpayment

20%

$176k

Closing costs

1%

$8,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,486

Total Expenses

$6,418

Mortgage P&I

128%

$4,451

Property Taxes

21%

$746

Home Insurance

9%

$315

HOA

0%

$0

Property Management

10%

$349

CapEx

5%

$174

Vacancy

6%

$209

Maintenance

5%

$174

Other

0%

$0

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