REI Lense

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$2,789 (target)

2549 Ballentine Blvd, Norfolk, VA 23509

3 beds • 3 baths • 2448 sqft

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This property looks like a bad Long-Term investment with a projected -4.16% first-year return on $71,190 initial cash invested.

-4.16%

Cash On Cash

6.17%

Cap Rate

0.94

DSCR

$2,789

Rent

-$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,789 income − $3,036 expenses = $247 out of pocket

Income$2,789Out of Pocket$247Mortgage P&I$1,85066%Property Taxes$34312%Insurance$1194%Management$27910%CapEx$1395%Vacancy$1676%Maintenance$1395%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,789

Total Expenses

$3,036

Mortgage P&I

66%

$1,850

Property Taxes

12%

$343

Home Insurance

4%

$119

HOA

0%

$0

Property Management

10%

$279

CapEx

5%

$139

Vacancy

6%

$167

Maintenance

5%

$139

Other

0%

$0

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