REI Lense

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$2,704 (target)

2749 Meadow Dr E, Chesapeake, VA 23321

3 beds • 2 baths • 1987 sqft

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This property looks like a bad Long-Term investment with a projected -6.17% first-year return on $83,979 initial cash invested.

-6.17%

Cash On Cash

5.12%

Cap Rate

0.85

DSCR

$2,704

Rent

-$432

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,704 income − $3,136 expenses = $432 out of pocket

Income$2,704Out of Pocket$432Mortgage P&I$2,00474%Property Taxes$29011%Insurance$1405%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,979

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,704

Total Expenses

$3,136

Mortgage P&I

74%

$2,004

Property Taxes

11%

$290

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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