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1310 Little Bay Ave, Norfolk, VA 23503

3 beds • 2 baths • 960 sqft

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This property might be a fair Mid-Term investment with a projected 4.18% first-year return on $91,290 initial cash invested.

4.18%

Cash On Cash

7.41%

Cap Rate

1.27

DSCR

$3,590

Rent

$318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,590

Total Expenses

$3,272

Mortgage P&I

47%

$1,694

Property Taxes

7%

$234

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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