REI Lense

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$2,842 (target)

2473 Elon Dr, Virginia Beach, VA 23454

3 beds • 3 baths • 1872 sqft

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This property looks like a bad Long-Term investment with a projected -8.74% first-year return on $98,700 initial cash invested.

-8.74%

Cash On Cash

4.45%

Cap Rate

0.75

DSCR

$2,842

Rent

-$719

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,842 income − $3,561 expenses = $719 out of pocket

Income$2,842Out of Pocket$719Mortgage P&I$2,31882%Property Taxes$34012%Insurance$1646%Management$28410%CapEx$1425%Vacancy$1716%Maintenance$1425%

Investment Breakdown

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Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,700

Downpayment

20%

$94,000

Closing costs

1%

$4,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,842

Total Expenses

$3,561

Mortgage P&I

82%

$2,318

Property Taxes

12%

$340

Home Insurance

6%

$164

HOA

0%

$0

Property Management

10%

$284

CapEx

5%

$142

Vacancy

6%

$171

Maintenance

5%

$142

Other

0%

$0

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