REI Lense

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$2,994 (target)

3340 Lakecrest Rd, Virginia Beach, VA 23452

3 beds • 2 baths • 1300 sqft

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This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $93,600 initial cash invested.

-3.92%

Cash On Cash

5.78%

Cap Rate

0.9

DSCR

$2,994

Rent

-$306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,994 income − $3,300 expenses = $306 out of pocket

Income$2,994Out of Pocket$306Mortgage P&I$1,92064%Property Taxes$2368%Insurance$1264%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,994

Total Expenses

$3,300

Mortgage P&I

64%

$1,920

Property Taxes

8%

$236

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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