REI Lense

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$4,058 (target)

1031 Redgate Ave, Norfolk, VA 23507

3 beds • 2 baths • 2486 sqft

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This property looks like a bad Mid-Term investment with a projected -9.98% first-year return on $142k initial cash invested.

-9.98%

Cash On Cash

4.19%

Cap Rate

0.67

DSCR

$4,058

Rent

-$1,180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,058 income − $5,238 expenses = $1,180 out of pocket

Income$4,058Out of Pocket$1,180Mortgage P&I$3,08076%Property Taxes$57314%Insurance$2065%Management$48712%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%

Investment Breakdown

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Purchase Price

$590k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,900

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,058

Total Expenses

$5,238

Mortgage P&I

76%

$3,080

Property Taxes

14%

$573

Home Insurance

5%

$206

HOA

0%

$0

Property Management

12%

$487

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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