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$3,171 (target)

123 Olin Dr, Newport News, VA 23602

3 beds • 2 baths • 1212 sqft

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This property might be a fair Mid-Term investment with a projected 2.41% first-year return on $84,990 initial cash invested.

2.41%

Cash On Cash

7.14%

Cap Rate

1.19

DSCR

$3,171

Rent

$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,171 income − $3,000 expenses = $171 cash flow

Income$3,171Mortgage P&I$1,59950%Property Taxes$2107%Insurance$1124%Management$38112%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%Cash Flow$171

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,990

Downpayment

20%

$63,800

Closing costs

1%

$3,190

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,171

Total Expenses

$3,000

Mortgage P&I

50%

$1,599

Property Taxes

7%

$210

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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