REI Lense

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$3,759 (target)

84 Cove Ln, Montross, VA 22520

3 beds • 2 baths • 2027 sqft

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This property might be a fair Mid-Term investment with a projected 6.43% first-year return on $90,933 initial cash invested.

6.43%

Cash On Cash

8.24%

Cap Rate

1.36

DSCR

$3,759

Rent

$487

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,759 income − $3,272 expenses = $487 cash flow

Income$3,759Mortgage P&I$1,74746%Property Taxes$1063%Insurance$1223%HOA$201%Management$45112%CapEx$1504%Vacancy$1133%Maintenance$1504%Other$41311%Cash Flow$487

Investment Breakdown

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Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,933

Downpayment

20%

$69,460

Closing costs

1%

$3,473

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,759

Total Expenses

$3,272

Mortgage P&I

46%

$1,747

Property Taxes

3%

$106

Home Insurance

3%

$122

HOA

1%

$20

Property Management

12%

$451

CapEx

4%

$150

Vacancy

3%

$113

Maintenance

4%

$150

Other

11%

$413

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