REI Lense

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$2,888 (target)

3311 Sewells Point Rd, Norfolk, VA 23513

3 beds • 2 baths • 1191 sqft

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This property looks like a bad Mid-Term investment with a projected -1.39% first-year return on $80,979 initial cash invested.

-1.39%

Cash On Cash

6.64%

Cap Rate

1.01

DSCR

$2,888

Rent

-$94

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,888 income − $2,982 expenses = $94 out of pocket

Income$2,888Out of Pocket$94Mortgage P&I$1,63757%Property Taxes$2569%Insurance$1054%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,888

Total Expenses

$2,982

Mortgage P&I

57%

$1,637

Property Taxes

9%

$256

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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