REI Lense

REI Lense

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$3,156 (target)

616 Flint Chip Dr, Chesapeake, VA 23320

3 beds • 3 baths • 2581 sqft

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This property looks like a bad Long-Term investment with a projected -15.75% first-year return on $144k initial cash invested.

-15.75%

Cash On Cash

2.86%

Cap Rate

0.49

DSCR

$3,156

Rent

-$1,888

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,156 income − $5,044 expenses = $1,888 out of pocket

Income$3,156Out of Pocket$1,888Mortgage P&I$3,365107%Property Taxes$56318%Insurance$2408%HOA$552%Management$31610%CapEx$1585%Vacancy$1896%Maintenance$1585%

Investment Breakdown

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Purchase Price

$685k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$137k

Closing costs

1%

$6,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,156

Total Expenses

$5,044

Mortgage P&I

107%

$3,365

Property Taxes

18%

$563

Home Insurance

8%

$240

HOA

2%

$55

Property Management

10%

$316

CapEx

5%

$158

Vacancy

6%

$189

Maintenance

5%

$158

Other

0%

$0

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