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1889 Gershwin Dr, Virginia Beach, VA 23454

3 beds • 3 baths • 1713 sqft

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This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $95,550 initial cash invested.

-12.32%

Cash On Cash

3.56%

Cap Rate

0.61

DSCR

$2,361

Rent

-$981

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$455k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,550

Downpayment

20%

$91,000

Closing costs

1%

$4,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,361

Total Expenses

$3,342

Mortgage P&I

94%

$2,214

Property Taxes

14%

$327

Home Insurance

7%

$159

HOA

1%

$28

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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