REI Lense

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$3,159 (target)

10 Redcedar Way, Newport News, VA 23608

3 beds • 3 baths • 1710 sqft

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This property might be a fair Mid-Term investment with a projected 2.36% first-year return on $80,979 initial cash invested.

2.36%

Cash On Cash

7.26%

Cap Rate

1.19

DSCR

$3,159

Rent

$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,159 income − $3,000 expenses = $159 cash flow

Income$3,159Mortgage P&I$1,52948%Property Taxes$2939%Insurance$1053%Management$37912%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%Cash Flow$159

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,159

Total Expenses

$3,000

Mortgage P&I

48%

$1,529

Property Taxes

9%

$293

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$379

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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