REI Lense

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$3,260 (target)

300 Pepper Mill Ct, Norfolk, VA 23502

3 beds • 2 baths • 1325 sqft

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This property might be a fair Mid-Term investment with a projected 5.22% first-year return on $74,679 initial cash invested.

5.22%

Cash On Cash

8.39%

Cap Rate

1.32

DSCR

$3,260

Rent

$325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,260 income − $2,935 expenses = $325 cash flow

Income$3,260Mortgage P&I$1,43144%Property Taxes$3029%Insurance$943%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%Cash Flow$325

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,260

Total Expenses

$2,935

Mortgage P&I

44%

$1,431

Property Taxes

9%

$302

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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