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$6,078 (target)

403 55th St, Virginia Beach, VA 23451

3 beds • 3 baths • 2019 sqft

$1,395,000

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This property looks like a bad Mid-Term investment with a projected -16.24% first-year return on $311k initial cash invested.

-16.24%

Cash On Cash

2.47%

Cap Rate

0.42

DSCR

$6,078

Rent

-$4,207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,078 income − $10,285 expenses = $4,207 out of pocket

Income$6,078Out of Pocket$4,207Mortgage P&I$6,841113%Property Taxes$89015%Insurance$4888%Management$72912%CapEx$2434%Vacancy$1823%Maintenance$2434%Other$66911%

Investment Breakdown

|

Purchase Price

$1395k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$311k

Downpayment

20%

$279k

Closing costs

1%

$13,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,078

Total Expenses

$10,285

Mortgage P&I

113%

$6,841

Property Taxes

15%

$890

Home Insurance

8%

$488

HOA

0%

$0

Property Management

12%

$729

CapEx

4%

$243

Vacancy

3%

$182

Maintenance

4%

$243

Other

11%

$669

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