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$2,481 (target)

1264 Strand St, Norfolk, VA 23513

3 beds • 2 baths • 992 sqft

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This property could be a profitable Mid-Term investment with a projected 10.5% first-year return on $54,750 initial cash invested.

10.5%

Cash On Cash

10.09%

Cap Rate

1.65

DSCR

$2,481

Rent

$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,481 income − $2,002 expenses = $479 cash flow

Income$2,481Mortgage P&I$89336%Property Taxes$2058%Insurance$612%Management$29812%CapEx$994%Vacancy$743%Maintenance$994%Other$27311%Cash Flow$479

Investment Breakdown

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Purchase Price

$175k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,750

Downpayment

20%

$35,000

Closing costs

1%

$1,750

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,481

Total Expenses

$2,002

Mortgage P&I

36%

$893

Property Taxes

8%

$205

Home Insurance

2%

$61

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$273

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