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428 Rock Dr, Chesapeake, VA 23323

4 beds • 2 baths • 1685 sqft

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This property looks like a bad Long-Term investment with a projected -7.3% first-year return on $81,690 initial cash invested.

-7.3%

Cash On Cash

4.86%

Cap Rate

0.81

DSCR

$2,500

Rent

-$497

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,500

Total Expenses

$2,997

Mortgage P&I

78%

$1,946

Property Taxes

11%

$265

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

1246 Woods Way, Chesapeake, VA 23323

$2,500

4

2

1700

0.7 mi

1061 Saint Julian Dr, Chesapeake, VA 23323

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1.2 mi

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2

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0.4 mi

2421 Payne Rd, Chesapeake, VA 23323

$2,300

4

2

1550

1 mi

104 W Rancho Del Cerro

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2

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1.3 mi

1255 S Forest Knoll St

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2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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