REI Lense

REI Lense

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$2,145 (target)

8024 Little Florida Rd, Mechanicsville, VA 23111

3 beds • 2 baths • 1378 sqft

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This property looks like a bad Long-Term investment with a projected -9.17% first-year return on $75,390 initial cash invested.

-9.17%

Cash On Cash

4.47%

Cap Rate

0.74

DSCR

$2,145

Rent

-$576

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,145 income − $2,721 expenses = $576 out of pocket

Income$2,145Out of Pocket$576Mortgage P&I$1,80684%Property Taxes$23211%Insurance$1266%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,145

Total Expenses

$2,721

Mortgage P&I

84%

$1,806

Property Taxes

11%

$232

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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