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4720 Elmhurst Ave, Norfolk, VA 23513

4 beds • 3 baths • 2249 sqft

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This property looks like a bad Long-Term investment with a projected -8.02% first-year return on $81,879 initial cash invested.

-8.02%

Cash On Cash

4.51%

Cap Rate

0.78

DSCR

$2,540

Rent

-$547

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,540

Total Expenses

$3,087

Mortgage P&I

74%

$1,884

Property Taxes

16%

$407

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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Comparable Property

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$1,100

2

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$2,850

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