REI Lense

REI Lense

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$2,506 (target)

84 Cove Ln, Montross, VA 22520

3 beds • 2 baths • 2027 sqft

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This property looks like a bad Long-Term investment with a projected -2.3% first-year return on $72,933 initial cash invested.

-2.3%

Cash On Cash

5.98%

Cap Rate

0.99

DSCR

$2,506

Rent

-$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,506 income − $2,646 expenses = $140 out of pocket

Income$2,506Out of Pocket$140Mortgage P&I$1,74770%Property Taxes$1064%Insurance$1225%HOA$201%Management$25110%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,933

Downpayment

20%

$69,460

Closing costs

1%

$3,473

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,506

Total Expenses

$2,646

Mortgage P&I

70%

$1,747

Property Taxes

4%

$106

Home Insurance

5%

$122

HOA

1%

$20

Property Management

10%

$251

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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