REI Lense

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$2,225 (target)

6557 Tappan Ln, Gloucester, VA 23061

3 beds • 2 baths • 2886 sqft

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This property looks like a bad Long-Term investment with a projected -23.94% first-year return on $190k initial cash invested.

-23.94%

Cash On Cash

1.54%

Cap Rate

0.24

DSCR

$2,225

Rent

-$3,791

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,225 income − $6,016 expenses = $3,791 out of pocket

Income$2,225Out of Pocket$3,791Mortgage P&I$4,838217%Property Taxes$26812%Insurance$33215%Management$22210%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

|

Purchase Price

$905k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$190k

Downpayment

20%

$181k

Closing costs

1%

$9,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,225

Total Expenses

$6,016

Mortgage P&I

217%

$4,838

Property Taxes

12%

$268

Home Insurance

15%

$332

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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