REI Lense

REI Lense

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$2,145 (target)

818 Augusta St, Martinsville, VA 24112

3 beds • 2 baths • 1090 sqft

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This property might be a fair Mid-Term investment with a projected 8.29% first-year return on $57,606 initial cash invested.

8.29%

Cash On Cash

9.02%

Cap Rate

1.52

DSCR

$2,145

Rent

$398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,145 income − $1,747 expenses = $398 cash flow

Income$2,145Mortgage P&I$93444%Insurance$844%Management$25712%CapEx$864%Vacancy$643%Maintenance$864%Other$23611%Cash Flow$398

Investment Breakdown

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Purchase Price

$189k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,606

Downpayment

20%

$37,720

Closing costs

1%

$1,886

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,145

Total Expenses

$1,747

Mortgage P&I

44%

$934

Property Taxes

0%

$0

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$257

CapEx

4%

$86

Vacancy

3%

$64

Maintenance

4%

$86

Other

11%

$236

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