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$3,819 (target)

305 Clipper Creek Ln, Smithfield, VA 23430

3 beds • 3 baths • 2080 sqft

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This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $113k initial cash invested.

-3.31%

Cash On Cash

5.98%

Cap Rate

0.93

DSCR

$3,819

Rent

-$310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,819 income − $4,129 expenses = $310 out of pocket

Income$3,819Out of Pocket$310Mortgage P&I$2,40163%Property Taxes$2206%Insurance$1584%HOA$511%Management$45812%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42011%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,819

Total Expenses

$4,129

Mortgage P&I

63%

$2,401

Property Taxes

6%

$220

Home Insurance

4%

$158

HOA

1%

$51

Property Management

12%

$458

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$420

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