REI Lense

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$2,981 (target)

8471 Great Lake Ln, Springfield, VA 22153

3 beds • 3 baths • 966 sqft

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This property looks like a bad Long-Term investment with a projected -18.36% first-year return on $147k initial cash invested.

-18.36%

Cash On Cash

2.48%

Cap Rate

0.41

DSCR

$2,981

Rent

-$2,251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,981 income − $5,232 expenses = $2,251 out of pocket

Income$2,981Out of Pocket$2,251Mortgage P&I$3,553119%Property Taxes$58119%Insurance$2549%HOA$692%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

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Purchase Price

$701k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$140k

Closing costs

1%

$7,007

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,981

Total Expenses

$5,232

Mortgage P&I

119%

$3,553

Property Taxes

19%

$581

Home Insurance

9%

$254

HOA

2%

$69

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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