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$3,735 (target)

2800 Somme Ave, Norfolk, VA 23509

3 beds • 3 baths • 1798 sqft

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This property might be a fair Mid-Term investment with a projected 2.62% first-year return on $92,529 initial cash invested.

2.62%

Cash On Cash

7.21%

Cap Rate

1.2

DSCR

$3,735

Rent

$202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,735 income − $3,533 expenses = $202 cash flow

Income$3,735Mortgage P&I$1,78248%Property Taxes$35810%Insurance$1243%Management$44812%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$41111%Cash Flow$202

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,529

Downpayment

20%

$70,980

Closing costs

1%

$3,549

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,735

Total Expenses

$3,533

Mortgage P&I

48%

$1,782

Property Taxes

10%

$358

Home Insurance

3%

$124

HOA

0%

$0

Property Management

12%

$448

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$411

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