REI Lense

REI Lense

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$2,705 (target)

1031 Redgate Ave, Norfolk, VA 23507

3 beds • 2 baths • 2486 sqft

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This property looks like a bad Long-Term investment with a projected -17.98% first-year return on $124k initial cash invested.

-17.98%

Cash On Cash

2.76%

Cap Rate

0.44

DSCR

$2,705

Rent

-$1,856

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,705 income − $4,561 expenses = $1,856 out of pocket

Income$2,705Out of Pocket$1,856Mortgage P&I$3,080114%Property Taxes$57321%Insurance$2068%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$590k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,705

Total Expenses

$4,561

Mortgage P&I

114%

$3,080

Property Taxes

21%

$573

Home Insurance

8%

$206

HOA

0%

$0

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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