REI Lense

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$4,282 (target)

340 Fernwood Farms Rd, Chesapeake, VA 23320

3 beds • 3 baths • 2312 sqft

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This property might be a fair Mid-Term investment with a projected 5.51% first-year return on $97,800 initial cash invested.

5.51%

Cash On Cash

8.06%

Cap Rate

1.32

DSCR

$4,282

Rent

$449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,282 income − $3,833 expenses = $449 cash flow

Income$4,282Mortgage P&I$1,93345%Property Taxes$3127%Insurance$1333%Management$51412%CapEx$1714%Vacancy$1283%Maintenance$1714%Other$47111%Cash Flow$449

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,282

Total Expenses

$3,833

Mortgage P&I

45%

$1,933

Property Taxes

7%

$312

Home Insurance

3%

$133

HOA

0%

$0

Property Management

12%

$514

CapEx

4%

$171

Vacancy

3%

$128

Maintenance

4%

$171

Other

11%

$471

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