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1415 Hibie St, Norfolk, VA 23523

3 beds • 2 baths • 1056 sqft

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This property might be a fair Mid-Term investment with a projected 2.25% first-year return on $68,295 initial cash invested.

2.25%

Cash On Cash

7.04%

Cap Rate

1.19

DSCR

$2,427

Rent

$128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,295

Downpayment

20%

$47,900

Closing costs

1%

$2,395

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,427

Total Expenses

$2,299

Mortgage P&I

49%

$1,180

Property Taxes

9%

$210

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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