REI Lense

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$3,438 (target)

5304 Gale Dr, Virginia Beach, VA 23464

3 beds • 2 baths • 1673 sqft

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This property looks like a bad Mid-Term investment with a projected -6.15% first-year return on $121k initial cash invested.

-6.15%

Cash On Cash

4.77%

Cap Rate

0.8

DSCR

$3,438

Rent

-$619

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,438 income − $4,057 expenses = $619 out of pocket

Income$3,438Out of Pocket$619Mortgage P&I$2,42370%Property Taxes$2939%Insurance$1715%Management$41312%CapEx$1384%Vacancy$1033%Maintenance$1384%Other$37811%

Investment Breakdown

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Purchase Price

$489k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$97,800

Closing costs

1%

$4,890

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,438

Total Expenses

$4,057

Mortgage P&I

70%

$2,423

Property Taxes

9%

$293

Home Insurance

5%

$171

HOA

0%

$0

Property Management

12%

$413

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$378

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