REI Lense

REI Lense

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$4,008 (target)

6709 Ninth Corps Ln, Spotsylvania, VA 22553

3 beds • 4 baths • 2884 sqft

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This property looks like a bad Mid-Term investment with a projected -1.84% first-year return on $115k initial cash invested.

-1.84%

Cash On Cash

5.9%

Cap Rate

0.99

DSCR

$4,008

Rent

-$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,008 income − $4,185 expenses = $177 out of pocket

Income$4,008Out of Pocket$177Mortgage P&I$2,29757%Property Taxes$2526%Insurance$1865%HOA$882%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%

Investment Breakdown

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Purchase Price

$463k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,680

Closing costs

1%

$4,634

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,008

Total Expenses

$4,185

Mortgage P&I

57%

$2,297

Property Taxes

6%

$252

Home Insurance

5%

$186

HOA

2%

$88

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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