REI Lense

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$3,741 (target)

1004 Ormond Ct, Virginia Beach, VA 23464

3 beds • 3 baths • 1798 sqft

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This property looks like a bad Mid-Term investment with a projected -3.97% first-year return on $118k initial cash invested.

-3.97%

Cash On Cash

5.26%

Cap Rate

0.9

DSCR

$3,741

Rent

-$389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,980

Closing costs

1%

$4,749

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,741

Total Expenses

$4,130

Mortgage P&I

62%

$2,322

Property Taxes

9%

$328

Home Insurance

4%

$166

HOA

1%

$41

Property Management

12%

$449

CapEx

4%

$150

Vacancy

3%

$112

Maintenance

4%

$150

Other

11%

$412

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