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$2,847 (target)

3107 Franklin St, Hopewell, VA 23860

3 beds • 3 baths • 1361 sqft

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This property might be a fair Mid-Term investment with a projected 6.21% first-year return on $68,064 initial cash invested.

6.21%

Cash On Cash

8.74%

Cap Rate

1.37

DSCR

$2,847

Rent

$352

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,847 income − $2,495 expenses = $352 cash flow

Income$2,847Mortgage P&I$1,27145%Property Taxes$1726%Insurance$843%Management$34212%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%Cash Flow$352

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,064

Downpayment

20%

$47,680

Closing costs

1%

$2,384

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,847

Total Expenses

$2,495

Mortgage P&I

45%

$1,271

Property Taxes

6%

$172

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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