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618 McLean St, Portsmouth, VA 23701

3 beds • 1 baths • 950 sqft

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This property looks like a bad Long-Term investment with a projected -3.6% first-year return on $50,400 initial cash invested.

-3.6%

Cash On Cash

5.73%

Cap Rate

0.95

DSCR

$1,780

Rent

-$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,400

Downpayment

20%

$48,000

Closing costs

1%

$2,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,780

Total Expenses

$1,931

Mortgage P&I

68%

$1,208

Property Taxes

10%

$176

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

106 Beazley Dr, Portsmouth, VA 23701

$1,600

3

1

950

0.1 mi

200 Dwight Dr, Portsmouth, VA 23701

$1,795

3

1

929

0.3 mi

130 Francis St, Portsmouth, VA 23702

$1,550

3

1

980

0.3 mi

507 Eisenhower Cir, Portsmouth, VA 23701

$2,100

3

1

930

0.5 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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