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$3,081 (target)

233 Pine Ave, Newport News, VA 23607

3 beds • 2 baths • 1187 sqft

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This property might be a fair Mid-Term investment with a projected 6.43% first-year return on $72,600 initial cash invested.

6.43%

Cash On Cash

8.4%

Cap Rate

1.39

DSCR

$3,081

Rent

$389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,081 income − $2,692 expenses = $389 cash flow

Income$3,081Mortgage P&I$1,30742%Property Taxes$2478%Insurance$913%Management$37012%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33911%Cash Flow$389

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,081

Total Expenses

$2,692

Mortgage P&I

42%

$1,307

Property Taxes

8%

$247

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$370

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$339

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