REI Lense

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$3,984 (target)

231 S Blake Rd, Norfolk, VA 23505

3 beds • 3 baths • 1849 sqft

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This property looks like a bad Mid-Term investment with a projected -8.02% first-year return on $137k initial cash invested.

-8.02%

Cash On Cash

4.36%

Cap Rate

0.73

DSCR

$3,984

Rent

-$913

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,984 income − $4,897 expenses = $913 out of pocket

Income$3,984Out of Pocket$913Mortgage P&I$2,80770%Property Taxes$53814%Insurance$1985%Management$47812%CapEx$1594%Vacancy$1203%Maintenance$1594%Other$43811%

Investment Breakdown

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Purchase Price

$565k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$113k

Closing costs

1%

$5,650

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,984

Total Expenses

$4,897

Mortgage P&I

70%

$2,807

Property Taxes

14%

$538

Home Insurance

5%

$198

HOA

0%

$0

Property Management

12%

$478

CapEx

4%

$159

Vacancy

3%

$120

Maintenance

4%

$159

Other

11%

$438

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