REI Lense

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$2,720 (target)

3712 N Queensgrove Cir, Virginia Beach, VA 23452

3 beds • 2 baths • 1646 sqft

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This property looks like a bad Long-Term investment with a projected -17.22% first-year return on $137k initial cash invested.

-17.22%

Cash On Cash

2.65%

Cap Rate

0.44

DSCR

$2,720

Rent

-$1,959

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,720 income − $4,679 expenses = $1,959 out of pocket

Income$2,720Out of Pocket$1,959Mortgage P&I$3,257120%Property Taxes$48718%Insurance$2288%Management$27210%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,720

Total Expenses

$4,679

Mortgage P&I

120%

$3,257

Property Taxes

18%

$487

Home Insurance

8%

$228

HOA

0%

$0

Property Management

10%

$272

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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