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131 Elwood Ave, Norfolk, VA 23505

4 beds • 3 baths • 2173 sqft

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This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $97,650 initial cash invested.

-9.68%

Cash On Cash

4.18%

Cap Rate

0.71

DSCR

$2,790

Rent

-$788

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,650

Downpayment

20%

$93,000

Closing costs

1%

$4,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,790

Total Expenses

$3,578

Mortgage P&I

81%

$2,268

Property Taxes

15%

$421

Home Insurance

6%

$163

HOA

0%

$0

Property Management

10%

$279

CapEx

5%

$140

Vacancy

6%

$167

Maintenance

5%

$140

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

5003 Gosnold Ave, Norfolk, VA 23508

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3

2150

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3

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4

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2105

1.1 mi

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3

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1.1 mi

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2

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1.3 mi

1255 S Forest Knoll St

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2

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0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

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2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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