REI Lense

REI Lense

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$2,549 (target)

501 Carolina Ave, Norfolk, VA 23508

3 beds • 2 baths • 2114 sqft

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This property looks like a bad Long-Term investment with a projected -11.9% first-year return on $91,350 initial cash invested.

-11.9%

Cash On Cash

3.87%

Cap Rate

0.64

DSCR

$2,549

Rent

-$906

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,549 income − $3,455 expenses = $906 out of pocket

Income$2,549Out of Pocket$906Mortgage P&I$2,18186%Property Taxes$46018%Insurance$1526%Management$25510%CapEx$1275%Vacancy$1536%Maintenance$1275%

Investment Breakdown

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Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,350

Downpayment

20%

$87,000

Closing costs

1%

$4,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,549

Total Expenses

$3,455

Mortgage P&I

86%

$2,181

Property Taxes

18%

$460

Home Insurance

6%

$152

HOA

0%

$0

Property Management

10%

$255

CapEx

5%

$127

Vacancy

6%

$153

Maintenance

5%

$127

Other

0%

$0

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