REI Lense

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$3,722 (target)

245 Palace Green Blvd, Virginia Beach, VA 23452

3 beds • 2 baths • 1627 sqft

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This property looks like a bad Mid-Term investment with a projected -3.46% first-year return on $108k initial cash invested.

-3.46%

Cash On Cash

6.13%

Cap Rate

0.93

DSCR

$3,722

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,722 income − $4,034 expenses = $312 out of pocket

Income$3,722Out of Pocket$312Mortgage P&I$2,36063%Property Taxes$2587%Insurance$1504%Management$44712%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$40911%

Investment Breakdown

|

Purchase Price

$430k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,722

Total Expenses

$4,034

Mortgage P&I

63%

$2,360

Property Taxes

7%

$258

Home Insurance

4%

$150

HOA

0%

$0

Property Management

12%

$447

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$409

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