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6369 Devonshire Rd, Norfolk, VA 23513

3 beds • 2 baths • 1234 sqft

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This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $63,000 initial cash invested.

-7.22%

Cash On Cash

4.73%

Cap Rate

0.81

DSCR

$1,950

Rent

-$379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,950

Total Expenses

$2,329

Mortgage P&I

75%

$1,463

Property Taxes

13%

$253

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

6446 Dove St, Norfolk, VA 23513

$1,625

3

2

1286

0.2 mi

4551 Hampshire Ave, Norfolk, VA 23513

$1,950

3

2

1212

0.8 mi

6344 Devonshire Rd, Norfolk, VA 23513

$1,995

3

2

1320

0.1 mi

619 Waukesha Ave, Norfolk, VA 23509

$2,100

3

2

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0.8 mi

104 W Rancho Del Cerro

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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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