REI Lense

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$3,658 (target)

2360 Seaboard Rd, Virginia Beach, VA 23456

3 beds • 2 baths • 1540 sqft

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This property looks like a bad Mid-Term investment with a projected -2.35% first-year return on $102k initial cash invested.

-2.35%

Cash On Cash

6.44%

Cap Rate

0.98

DSCR

$3,658

Rent

-$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,658 income − $3,858 expenses = $200 out of pocket

Income$3,658Out of Pocket$200Mortgage P&I$2,20060%Property Taxes$2758%Insurance$1404%Management$43912%CapEx$1464%Vacancy$1103%Maintenance$1464%Other$40211%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,658

Total Expenses

$3,858

Mortgage P&I

60%

$2,200

Property Taxes

8%

$275

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$439

CapEx

4%

$146

Vacancy

3%

$110

Maintenance

4%

$146

Other

11%

$402

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