REI Lense

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$2,518 (target)

118 Claremont Ave, Hampton, VA 23661

3 beds • 2 baths • 1081 sqft

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This property might be a fair Mid-Term investment with a projected 5.05% first-year return on $64,200 initial cash invested.

5.05%

Cash On Cash

8.11%

Cap Rate

1.33

DSCR

$2,518

Rent

$270

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,518 income − $2,248 expenses = $270 cash flow

Income$2,518Mortgage P&I$1,11644%Property Taxes$1988%Insurance$773%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%Cash Flow$270

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,518

Total Expenses

$2,248

Mortgage P&I

44%

$1,116

Property Taxes

8%

$198

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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