REI Lense

REI Lense

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$2,494 (target)

1004 Ormond Ct, Virginia Beach, VA 23464

3 beds • 3 baths • 1798 sqft

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This property looks like a bad Long-Term investment with a projected -12.18% first-year return on $99,729 initial cash invested.

-12.18%

Cash On Cash

3.63%

Cap Rate

0.62

DSCR

$2,494

Rent

-$1,012

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

$99,729

Downpayment

20%

$94,980

Closing costs

1%

$4,749

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,494

Total Expenses

$3,506

Mortgage P&I

93%

$2,322

Property Taxes

13%

$328

Home Insurance

7%

$166

HOA

2%

$41

Property Management

10%

$249

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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