REI Lense

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$3,824 (target)

501 Carolina Ave, Norfolk, VA 23508

3 beds • 2 baths • 2114 sqft

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This property looks like a bad Mid-Term investment with a projected -2.96% first-year return on $109k initial cash invested.

-2.96%

Cash On Cash

5.69%

Cap Rate

0.95

DSCR

$3,824

Rent

-$270

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,824 income − $4,094 expenses = $270 out of pocket

Income$3,824Out of Pocket$270Mortgage P&I$2,18157%Property Taxes$46012%Insurance$1524%Management$45912%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42111%

Investment Breakdown

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Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$87,000

Closing costs

1%

$4,350

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,824

Total Expenses

$4,094

Mortgage P&I

57%

$2,181

Property Taxes

12%

$460

Home Insurance

4%

$152

HOA

0%

$0

Property Management

12%

$459

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$421

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