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$3,441 (target)

2918 Berkley Ave, Chesapeake, VA 23325

3 beds • 2 baths • 1305 sqft

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This property could be a profitable Mid-Term investment with a projected 11.57% first-year return on $70,290 initial cash invested.

11.57%

Cash On Cash

10.24%

Cap Rate

1.62

DSCR

$3,441

Rent

$678

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,441 income − $2,763 expenses = $678 cash flow

Income$3,441Mortgage P&I$1,30938%Property Taxes$1966%Insurance$873%Management$41312%CapEx$1384%Vacancy$1033%Maintenance$1384%Other$37911%Cash Flow$678

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,441

Total Expenses

$2,763

Mortgage P&I

38%

$1,309

Property Taxes

6%

$196

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$413

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$379

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