REI Lense

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$4,200 (target)

1438 Independence Blvd, Newport News, VA 23608

3 beds • 3 baths • 2200 sqft

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This property looks like a bad Mid-Term investment with a projected -1.96% first-year return on $112k initial cash invested.

-1.96%

Cash On Cash

5.91%

Cap Rate

0.99

DSCR

$4,200

Rent

-$183

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,200 income − $4,383 expenses = $183 out of pocket

Income$4,200Out of Pocket$183Mortgage P&I$2,22553%Property Taxes$45311%Insurance$1574%HOA$1203%Management$50412%CapEx$1684%Vacancy$1263%Maintenance$1684%Other$46211%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,200

Total Expenses

$4,383

Mortgage P&I

53%

$2,225

Property Taxes

11%

$453

Home Insurance

4%

$157

HOA

3%

$120

Property Management

12%

$504

CapEx

4%

$168

Vacancy

3%

$126

Maintenance

4%

$168

Other

11%

$462

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