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1600 Cherry Grove Rd, Suffolk, VA 23438

3 beds • 3 baths • 2186 sqft

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This property might be a fair Long-Term investment with a projected 2.58% first-year return on $56,679 initial cash invested.

2.58%

Cash On Cash

6.95%

Cap Rate

1.19

DSCR

$2,500

Rent

$122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,500

Total Expenses

$2,378

Mortgage P&I

53%

$1,317

Property Taxes

13%

$317

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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Comparable Property

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Beds

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SQFT

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1

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1

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$2,850

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