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$6,430 (target)

1901 Terramar Ln, Virginia Beach, VA 23456

3 beds • 3 baths • 3646 sqft

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This property looks like a bad Mid-Term investment with a projected -12.59% first-year return on $217k initial cash invested.

-12.59%

Cash On Cash

3.94%

Cap Rate

0.61

DSCR

$6,430

Rent

-$2,282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,430 income − $8,712 expenses = $2,282 out of pocket

Income$6,430Out of Pocket$2,282Mortgage P&I$5,14680%Property Taxes$72111%Insurance$3325%HOA$3275%Management$77212%CapEx$2574%Vacancy$1933%Maintenance$2574%Other$70711%

Investment Breakdown

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Purchase Price

$950k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$217k

Downpayment

20%

$190k

Closing costs

1%

$9,499

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,430

Total Expenses

$8,712

Mortgage P&I

80%

$5,146

Property Taxes

11%

$721

Home Insurance

5%

$332

HOA

5%

$327

Property Management

12%

$772

CapEx

4%

$257

Vacancy

3%

$193

Maintenance

4%

$257

Other

11%

$707

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