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1548 Cherry Grove Rd N, Suffolk, VA 23432

4 beds • 5 baths • 2115 sqft

$1,595,000

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This property looks like a bad Long-Term investment with a projected -25.23% first-year return on $335k initial cash invested.

-25.23%

Cash On Cash

0.75%

Cap Rate

0.13

DSCR

$2,940

Rent

-$7,041

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1595k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$335k

Downpayment

20%

$319k

Closing costs

1%

$15,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,940

Total Expenses

$9,981

Mortgage P&I

269%

$7,894

Property Taxes

26%

$765

Home Insurance

19%

$558

HOA

0%

$0

Property Management

10%

$294

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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Comparable Property

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3.5

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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

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$2,850

5

4

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0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

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0.6 mi

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