REI Lense

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$2,031 (target)

6710 Potts Creek Rd, Covington, VA 24426

3 beds • 2 baths • 2052 sqft

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This property could be a profitable Long-Term investment with a projected 12.12% first-year return on $39,312 initial cash invested.

12.12%

Cash On Cash

9.46%

Cap Rate

1.51

DSCR

$2,031

Rent

$397

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,031 income − $1,634 expenses = $397 cash flow

Income$2,031Mortgage P&I$97648%Property Taxes$623%Insurance$673%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%Cash Flow$397

Investment Breakdown

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Purchase Price

$187k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,312

Downpayment

20%

$37,440

Closing costs

1%

$1,872

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,031

Total Expenses

$1,634

Mortgage P&I

48%

$976

Property Taxes

3%

$62

Home Insurance

3%

$67

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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