REI Lense

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$4,012 (target)

2308 Londale Ct, Virginia Beach, VA 23456

3 beds • 3 baths • 1850 sqft

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This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $118k initial cash invested.

-5.54%

Cash On Cash

5.81%

Cap Rate

0.86

DSCR

$4,012

Rent

-$544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,012 income − $4,556 expenses = $544 out of pocket

Income$4,012Out of Pocket$544Mortgage P&I$2,68467%Property Taxes$3168%Insurance$1664%HOA$281%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,980

Closing costs

1%

$4,749

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,012

Total Expenses

$4,556

Mortgage P&I

67%

$2,684

Property Taxes

8%

$316

Home Insurance

4%

$166

HOA

1%

$28

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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