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$3,867 (target)

1001 Scarlet Oak Ct S, Chesapeake, VA 23320

3 beds • 3 baths • 1722 sqft

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This property might be a fair Mid-Term investment with a projected 1.35% first-year return on $102k initial cash invested.

1.35%

Cash On Cash

6.7%

Cap Rate

1.14

DSCR

$3,867

Rent

$115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,867 income − $3,752 expenses = $115 cash flow

Income$3,867Mortgage P&I$1,96551%Property Taxes$3028%Insurance$1404%HOA$301%Management$46412%CapEx$1554%Vacancy$1163%Maintenance$1554%Other$42511%Cash Flow$115

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,867

Total Expenses

$3,752

Mortgage P&I

51%

$1,965

Property Taxes

8%

$302

Home Insurance

4%

$140

HOA

1%

$30

Property Management

12%

$464

CapEx

4%

$155

Vacancy

3%

$116

Maintenance

4%

$155

Other

11%

$425

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