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1009 Joyce St, Norfolk, VA 23523

3 beds • 3 baths • 1992 sqft

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This property looks like a bad Long-Term investment with a projected -8.16% first-year return on $75,579 initial cash invested.

-8.16%

Cash On Cash

4.47%

Cap Rate

0.77

DSCR

$2,300

Rent

-$514

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,300

Total Expenses

$2,814

Mortgage P&I

76%

$1,739

Property Taxes

15%

$351

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

1338 Seaboard Ave, Chesapeake, VA 23324

$2,450

3

3

1952

1 mi

1009 Joyce St, Norfolk, VA 23523

$2,595

3

2.5

1992

0 mi

913 Joyce St, Norfolk, VA 23523

$2,500

3

2.5

2016

0 mi

807 Thayor St, Norfolk, VA 23504

$2,195

3

2.5

1968

1.3 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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