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$2,697 (target)

2728 Jason Ave, Norfolk, VA 23509

3 beds • 2 baths • 1140 sqft

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This property might be a fair Mid-Term investment with a projected 3.47% first-year return on $68,379 initial cash invested.

3.47%

Cash On Cash

7.94%

Cap Rate

1.24

DSCR

$2,697

Rent

$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,697 income − $2,499 expenses = $198 cash flow

Income$2,697Mortgage P&I$1,28248%Property Taxes$2158%Insurance$843%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%Cash Flow$198

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,697

Total Expenses

$2,499

Mortgage P&I

48%

$1,282

Property Taxes

8%

$215

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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