REI Lense

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$2,796 (target)

307 Elizabeth St, Suffolk, VA 23434

3 beds • 2 baths • 991 sqft

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This property might be a fair Mid-Term investment with a projected 8.24% first-year return on $64,830 initial cash invested.

8.24%

Cash On Cash

9.12%

Cap Rate

1.49

DSCR

$2,796

Rent

$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,796 income − $2,351 expenses = $445 cash flow

Income$2,796Mortgage P&I$1,13841%Property Taxes$1837%Insurance$783%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%Cash Flow$445

Investment Breakdown

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Purchase Price

$223k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,830

Downpayment

20%

$44,600

Closing costs

1%

$2,230

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,796

Total Expenses

$2,351

Mortgage P&I

41%

$1,138

Property Taxes

7%

$183

Home Insurance

3%

$78

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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