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$2,598 (target)

813 Spruce St, Martinsville, VA 24112

3 beds • 2 baths • 1928 sqft

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This property could be a profitable Mid-Term investment with a projected 12.62% first-year return on $56,388 initial cash invested.

12.62%

Cash On Cash

10.88%

Cap Rate

1.73

DSCR

$2,598

Rent

$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,598 income − $2,005 expenses = $593 cash flow

Income$2,598Mortgage P&I$96137%Property Taxes$903%Insurance$703%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%Cash Flow$593

Investment Breakdown

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Purchase Price

$183k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,388

Downpayment

20%

$36,560

Closing costs

1%

$1,828

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,598

Total Expenses

$2,005

Mortgage P&I

37%

$961

Property Taxes

3%

$90

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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