REI Lense

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$5,229 (target)

6342 Meriwether Ln, Springfield, VA 22150

3 beds • 3 baths • 2816 sqft

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This property looks like a bad Mid-Term investment with a projected -12.19% first-year return on $203k initial cash invested.

-12.19%

Cash On Cash

3.55%

Cap Rate

0.58

DSCR

$5,229

Rent

-$2,060

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,229 income − $7,289 expenses = $2,060 out of pocket

Income$5,229Out of Pocket$2,060Mortgage P&I$4,45185%Property Taxes$74614%Insurance$3156%Management$62712%CapEx$2094%Vacancy$1573%Maintenance$2094%Other$57511%

Investment Breakdown

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Purchase Price

$880k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$203k

Downpayment

20%

$176k

Closing costs

1%

$8,799

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,229

Total Expenses

$7,289

Mortgage P&I

85%

$4,451

Property Taxes

14%

$746

Home Insurance

6%

$315

HOA

0%

$0

Property Management

12%

$627

CapEx

4%

$209

Vacancy

3%

$157

Maintenance

4%

$209

Other

11%

$575

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