REI Lense

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$2,616 (target)

1309 Manning Rd, Suffolk, VA 23434

3 beds • 3 baths • 2994 sqft

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This property looks like a bad Mid-Term investment with a projected -17.73% first-year return on $144k initial cash invested.

-17.73%

Cash On Cash

2.13%

Cap Rate

0.35

DSCR

$2,616

Rent

-$2,127

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,616 income − $4,743 expenses = $2,127 out of pocket

Income$2,616Out of Pocket$2,127Mortgage P&I$3,089118%Property Taxes$55421%Insurance$2108%Management$31412%CapEx$1054%Vacancy$783%Maintenance$1054%Other$28811%

Investment Breakdown

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Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,999

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,616

Total Expenses

$4,743

Mortgage P&I

118%

$3,089

Property Taxes

21%

$554

Home Insurance

8%

$210

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$78

Maintenance

4%

$105

Other

11%

$288

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