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2428 Middle Ave, Norfolk, VA 23504

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 2.88% first-year return on $78,879 initial cash invested.

2.88%

Cash On Cash

7.07%

Cap Rate

1.21

DSCR

$2,769

Rent

$189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,769

Total Expenses

$2,580

Mortgage P&I

51%

$1,407

Property Taxes

5%

$129

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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