REI Lense

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$3,063 (target)

9015 Lee Davis Rd, Mechanicsville, VA 23116

3 beds • 3 baths • 2327 sqft

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This property looks like a bad Long-Term investment with a projected -12.86% first-year return on $122k initial cash invested.

-12.86%

Cash On Cash

3.85%

Cap Rate

0.62

DSCR

$3,063

Rent

-$1,308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,063 income − $4,371 expenses = $1,308 out of pocket

Income$3,063Out of Pocket$1,308Mortgage P&I$3,02099%Property Taxes$35011%Insurance$2057%Management$30610%CapEx$1535%Vacancy$1846%Maintenance$1535%

Investment Breakdown

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Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,814

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,063

Total Expenses

$4,371

Mortgage P&I

99%

$3,020

Property Taxes

11%

$350

Home Insurance

7%

$205

HOA

0%

$0

Property Management

10%

$306

CapEx

5%

$153

Vacancy

6%

$184

Maintenance

5%

$153

Other

0%

$0

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