REI Lense

REI Lense

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$2,239 (target)

7188 Loralea Dr, Mechanicsville, VA 23111

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -11.65% first-year return on $89,271 initial cash invested.

-11.65%

Cash On Cash

3.79%

Cap Rate

0.64

DSCR

$2,239

Rent

-$867

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,239 income − $3,106 expenses = $867 out of pocket

Income$2,239Out of Pocket$867Mortgage P&I$2,09794%Property Taxes$29113%Insurance$1366%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,271

Downpayment

20%

$85,020

Closing costs

1%

$4,251

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,239

Total Expenses

$3,106

Mortgage P&I

94%

$2,097

Property Taxes

13%

$291

Home Insurance

6%

$136

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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