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$3,585 (target)

3416 Lens Ave, Norfolk, VA 23509

3 beds • 3 baths • 1504 sqft

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This property might be a fair Mid-Term investment with a projected 6.84% first-year return on $84,150 initial cash invested.

6.84%

Cash On Cash

8.46%

Cap Rate

1.39

DSCR

$3,585

Rent

$480

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,585 income − $3,105 expenses = $480 cash flow

Income$3,585Mortgage P&I$1,59945%Property Taxes$1785%Insurance$1103%Management$43012%CapEx$1434%Vacancy$1083%Maintenance$1434%Other$39411%Cash Flow$480

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,585

Total Expenses

$3,105

Mortgage P&I

45%

$1,599

Property Taxes

5%

$178

Home Insurance

3%

$110

HOA

0%

$0

Property Management

12%

$430

CapEx

4%

$143

Vacancy

3%

$108

Maintenance

4%

$143

Other

11%

$394

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