REI Lense

REI Lense

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$2,020 (target)

924 Lee Ave, Petersburg, VA 23803

3 beds • 2 baths • 2340 sqft

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This property looks like a bad Long-Term investment with a projected -7.49% first-year return on $59,136 initial cash invested.

-7.49%

Cash On Cash

5.3%

Cap Rate

0.82

DSCR

$2,020

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,020 income − $2,389 expenses = $369 out of pocket

Income$2,020Out of Pocket$369Mortgage P&I$1,51175%Property Taxes$26413%Insurance$894%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$282k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,136

Downpayment

20%

$56,320

Closing costs

1%

$2,816

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,020

Total Expenses

$2,389

Mortgage P&I

75%

$1,511

Property Taxes

13%

$264

Home Insurance

4%

$89

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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