REI Lense

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$2,138 (target)

6685 Fork Mountain Rd, Rocky Mount, VA 24151

3 beds • 2 baths • 1250 sqft

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This property might be a fair Mid-Term investment with a projected 3.46% first-year return on $64,200 initial cash invested.

3.46%

Cash On Cash

7.54%

Cap Rate

1.24

DSCR

$2,138

Rent

$185

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,138 income − $1,953 expenses = $185 cash flow

Income$2,138Mortgage P&I$1,11152%Property Taxes$372%Insurance$774%Management$25712%CapEx$864%Vacancy$643%Maintenance$864%Other$23511%Cash Flow$185

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,138

Total Expenses

$1,953

Mortgage P&I

52%

$1,111

Property Taxes

2%

$37

Home Insurance

4%

$77

HOA

0%

$0

Property Management

12%

$257

CapEx

4%

$86

Vacancy

3%

$64

Maintenance

4%

$86

Other

11%

$235

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