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$3,400 (target)

3804 Caroline Ave, Portsmouth, VA 23701

3 beds • 2 baths • 2042 sqft

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This property could be a profitable Mid-Term investment with a projected 16.46% first-year return on $60,000 initial cash invested.

16.46%

Cash On Cash

11.85%

Cap Rate

1.94

DSCR

$3,400

Rent

$823

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,400 income − $2,577 expenses = $823 cash flow

Income$3,400Mortgage P&I$1,01630%Property Taxes$33510%Insurance$702%Management$40812%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37411%Cash Flow$823

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,400

Total Expenses

$2,577

Mortgage P&I

30%

$1,016

Property Taxes

10%

$335

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$408

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$374

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