REI Lense

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$2,371 (target)

1602 Shell Rd, Chesapeake, VA 23323

3 beds • 3 baths • 1544 sqft

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This property might be a fair Long-Term investment with a projected 0.29% first-year return on $57,750 initial cash invested.

0.29%

Cash On Cash

6.71%

Cap Rate

1.09

DSCR

$2,371

Rent

$14

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,371 income − $2,357 expenses = $14 cash flow

Income$2,371Mortgage P&I$1,40559%Property Taxes$23910%Insurance$964%Management$23710%CapEx$1195%Vacancy$1426%Maintenance$1195%Cash Flow$14

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,371

Total Expenses

$2,357

Mortgage P&I

59%

$1,405

Property Taxes

10%

$239

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$119

Vacancy

6%

$142

Maintenance

5%

$119

Other

0%

$0

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