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6986 Cornfield Ln, Mechanicsville, VA 23111

3 beds • 3 baths • 1509 sqft

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This property looks like a bad Long-Term investment with a projected -4.64% first-year return on $68,250 initial cash invested.

-4.64%

Cash On Cash

5.23%

Cap Rate

0.9

DSCR

$2,193

Rent

-$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,193

Total Expenses

$2,457

Mortgage P&I

72%

$1,570

Property Taxes

9%

$202

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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