REI Lense

REI Lense

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$3,500 (target)

8900 Michaux Ln, Henrico, VA 23229

3 beds • 2 baths • 1894 sqft

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This property could be a profitable Mid-Term investment with a projected 30.67% first-year return on $49,500 initial cash invested.

30.67%

Cash On Cash

17.18%

Cap Rate

2.89

DSCR

$3,500

Rent

$1,265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$150k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,500

Downpayment

20%

$30,000

Closing costs

1%

$1,500

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$3,500

Total Expenses

$2,235

Mortgage P&I

21%

$743

Property Taxes

7%

$250

Home Insurance

1%

$52

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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