REI Lense

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$2,355 (target)

187 Corinthia Dr, Newport News, VA 23608

3 beds • 2 baths • 1627 sqft

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This property looks like a bad Long-Term investment with a projected -7.44% first-year return on $74,550 initial cash invested.

-7.44%

Cash On Cash

4.9%

Cap Rate

0.81

DSCR

$2,355

Rent

-$462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,355 income − $2,817 expenses = $462 out of pocket

Income$2,355Out of Pocket$462Mortgage P&I$1,79376%Property Taxes$28712%Insurance$1245%Management$23610%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,550

Downpayment

20%

$71,000

Closing costs

1%

$3,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,355

Total Expenses

$2,817

Mortgage P&I

76%

$1,793

Property Taxes

12%

$287

Home Insurance

5%

$124

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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