REI Lense

REI Lense

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$2,259 (target)

3636 Amherst St, Norfolk, VA 23513

3 beds • 2 baths • 1438 sqft

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This property might be a fair Long-Term investment with a projected 8.66% first-year return on $41,559 initial cash invested.

8.66%

Cash On Cash

8.6%

Cap Rate

1.41

DSCR

$2,259

Rent

$300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,259 income − $1,959 expenses = $300 cash flow

Income$2,259Mortgage P&I$1,00544%Property Taxes$29713%Insurance$693%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%Cash Flow$300

Investment Breakdown

|

Purchase Price

$198k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,559

Downpayment

20%

$39,580

Closing costs

1%

$1,979

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,259

Total Expenses

$1,959

Mortgage P&I

44%

$1,005

Property Taxes

13%

$297

Home Insurance

3%

$69

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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