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$2,932 (target)

3105 Verne Ave, Portsmouth, VA 23703

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Mid-Term investment with a projected -4.8% first-year return on $98,850 initial cash invested.

-4.8%

Cash On Cash

5.1%

Cap Rate

0.85

DSCR

$2,932

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,932 income − $3,327 expenses = $395 out of pocket

Income$2,932Out of Pocket$395Mortgage P&I$1,91365%Property Taxes$28210%Insurance$1355%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32311%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,932

Total Expenses

$3,327

Mortgage P&I

65%

$1,913

Property Taxes

10%

$282

Home Insurance

5%

$135

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$323

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