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$3,236 (target)

2423 Herring Ditch Rd, Chesapeake, VA 23323

3 beds • 2 baths • 1254 sqft

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This property might be a fair Mid-Term investment with a projected 3.76% first-year return on $81,000 initial cash invested.

3.76%

Cash On Cash

7.54%

Cap Rate

1.25

DSCR

$3,236

Rent

$254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,236 income − $2,982 expenses = $254 cash flow

Income$3,236Mortgage P&I$1,50346%Property Taxes$2758%Insurance$1053%Management$38812%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35611%Cash Flow$254

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,236

Total Expenses

$2,982

Mortgage P&I

46%

$1,503

Property Taxes

9%

$275

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$356

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