REI Lense

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$3,148 (target)

3325 Marne Ave, Norfolk, VA 23509

3 beds • 2 baths • 1209 sqft

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This property might be a fair Mid-Term investment with a projected 8.39% first-year return on $71,550 initial cash invested.

8.39%

Cash On Cash

8.87%

Cap Rate

1.5

DSCR

$3,148

Rent

$500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,148 income − $2,648 expenses = $500 cash flow

Income$3,148Mortgage P&I$1,25840%Property Taxes$2317%Insurance$893%Management$37812%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34611%Cash Flow$500

Investment Breakdown

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Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,148

Total Expenses

$2,648

Mortgage P&I

40%

$1,258

Property Taxes

7%

$231

Home Insurance

3%

$89

HOA

0%

$0

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

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