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$3,618 (target)

3108 Bomar Dr, Chesapeake, VA 23321

3 beds • 2 baths • 1797 sqft

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This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $91,500 initial cash invested.

2.9%

Cash On Cash

7.37%

Cap Rate

1.21

DSCR

$3,618

Rent

$221

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,618 income − $3,397 expenses = $221 cash flow

Income$3,618Mortgage P&I$1,78549%Property Taxes$2597%Insurance$1223%Management$43412%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39811%Cash Flow$221

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,618

Total Expenses

$3,397

Mortgage P&I

49%

$1,785

Property Taxes

7%

$259

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$434

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$398

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