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$3,675 (target)

5348 Chatham Lake Dr, Virginia Beach, VA 23464

3 beds • 3 baths • 1917 sqft

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This property might be a fair Mid-Term investment with a projected 2.26% first-year return on $91,500 initial cash invested.

2.26%

Cash On Cash

7.46%

Cap Rate

1.17

DSCR

$3,675

Rent

$172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,675 income − $3,503 expenses = $172 cash flow

Income$3,675Mortgage P&I$1,85651%Property Taxes$2768%Insurance$1223%Management$44112%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40411%Cash Flow$172

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,675

Total Expenses

$3,503

Mortgage P&I

51%

$1,856

Property Taxes

8%

$276

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$441

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$404

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