REI Lense

REI Lense

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$1,732 (target)

813 Spruce St, Martinsville, VA 24112

3 beds • 2 baths • 1928 sqft

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This property might be a fair Long-Term investment with a projected 5% first-year return on $38,388 initial cash invested.

5%

Cash On Cash

7.93%

Cap Rate

1.26

DSCR

$1,732

Rent

$160

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,732 income − $1,572 expenses = $160 cash flow

Income$1,732Mortgage P&I$96155%Property Taxes$905%Insurance$704%Management$17310%CapEx$875%Vacancy$1046%Maintenance$875%Cash Flow$160

Investment Breakdown

|

Purchase Price

$183k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,388

Downpayment

20%

$36,560

Closing costs

1%

$1,828

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,732

Total Expenses

$1,572

Mortgage P&I

55%

$961

Property Taxes

5%

$90

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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