REI Lense

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$2,870 (target)

1934 Carolina Rd, Suffolk, VA 23434

3 beds • 2 baths • 1000 sqft

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This property might be a fair Mid-Term investment with a projected 8.65% first-year return on $66,300 initial cash invested.

8.65%

Cash On Cash

9.23%

Cap Rate

1.5

DSCR

$2,870

Rent

$478

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,870 income − $2,392 expenses = $478 cash flow

Income$2,870Mortgage P&I$1,17641%Property Taxes$1606%Insurance$803%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%Cash Flow$478

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,870

Total Expenses

$2,392

Mortgage P&I

41%

$1,176

Property Taxes

6%

$160

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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