REI Lense

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$3,500 (target)

942 Jefferson Dr, Palmyra, VA 22963

3 beds • 3 baths • 1519 sqft

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This property might be a fair Mid-Term investment with a projected 4.02% first-year return on $87,216 initial cash invested.

4.02%

Cash On Cash

7.52%

Cap Rate

1.26

DSCR

$3,500

Rent

$292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,500 income − $3,208 expenses = $292 cash flow

Income$3,500Mortgage P&I$1,63347%Property Taxes$1564%Insurance$1173%HOA$1123%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%Cash Flow$292

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,216

Downpayment

20%

$65,920

Closing costs

1%

$3,296

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,500

Total Expenses

$3,208

Mortgage P&I

47%

$1,633

Property Taxes

4%

$156

Home Insurance

3%

$117

HOA

3%

$112

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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