REI Lense

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$3,262 (target)

2 Carver Cir, Portsmouth, VA 23701

3 beds • 2 baths • 1640 sqft

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This property might be a fair Mid-Term investment with a projected 6.38% first-year return on $76,779 initial cash invested.

6.38%

Cash On Cash

8.34%

Cap Rate

1.38

DSCR

$3,262

Rent

$408

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,262 income − $2,854 expenses = $408 cash flow

Income$3,262Mortgage P&I$1,40743%Property Taxes$2417%Insurance$983%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%Cash Flow$408

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,262

Total Expenses

$2,854

Mortgage P&I

43%

$1,407

Property Taxes

7%

$241

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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