REI Lense

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$3,909 (target)

1217 Spruce Ln, Chesapeake, VA 23320

3 beds • 3 baths • 1920 sqft

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This property looks like a bad Mid-Term investment with a projected -5.01% first-year return on $117k initial cash invested.

-5.01%

Cash On Cash

5.75%

Cap Rate

0.87

DSCR

$3,909

Rent

-$490

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,909 income − $4,399 expenses = $490 out of pocket

Income$3,909Out of Pocket$490Mortgage P&I$2,60067%Property Taxes$3058%Insurance$1664%Management$46912%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$43011%

Investment Breakdown

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Purchase Price

$473k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,600

Closing costs

1%

$4,730

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,909

Total Expenses

$4,399

Mortgage P&I

67%

$2,600

Property Taxes

8%

$305

Home Insurance

4%

$166

HOA

0%

$0

Property Management

12%

$469

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$430

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