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1247 New Land Dr, Virginia Beach, VA 23453

3 beds • 2 baths • 1100 sqft

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This property looks like a bad Mid-Term investment with a projected -0.05% first-year return on $89,400 initial cash invested.

-0.05%

Cash On Cash

6.3%

Cap Rate

1.07

DSCR

$3,078

Rent

-$4

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,078

Total Expenses

$3,082

Mortgage P&I

54%

$1,667

Property Taxes

7%

$225

Home Insurance

4%

$119

HOA

1%

$25

Property Management

12%

$369

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$339

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