REI Lense

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$2,183 (target)

101 Highland Ave, Suffolk, VA 23434

3 beds • 2 baths • 2064 sqft

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This property might be a fair Long-Term investment with a projected 5.4% first-year return on $45,150 initial cash invested.

5.4%

Cash On Cash

7.99%

Cap Rate

1.28

DSCR

$2,183

Rent

$203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,183 income − $1,980 expenses = $203 cash flow

Income$2,183Mortgage P&I$1,12051%Property Taxes$21810%Insurance$753%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%Cash Flow$203

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,183

Total Expenses

$1,980

Mortgage P&I

51%

$1,120

Property Taxes

10%

$218

Home Insurance

3%

$75

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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