REI Lense

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$3,218 (target)

8024 Little Florida Rd, Mechanicsville, VA 23111

3 beds • 2 baths • 1378 sqft

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This property looks like a bad Mid-Term investment with a projected -0.53% first-year return on $93,390 initial cash invested.

-0.53%

Cash On Cash

6.33%

Cap Rate

1.05

DSCR

$3,218

Rent

-$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,218 income − $3,259 expenses = $41 out of pocket

Income$3,218Out of Pocket$41Mortgage P&I$1,80656%Property Taxes$2327%Insurance$1264%Management$38612%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35411%

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,218

Total Expenses

$3,259

Mortgage P&I

56%

$1,806

Property Taxes

7%

$232

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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