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$3,952 (target)

653 Edwin Dr, Virginia Beach, VA 23462

3 beds • 3 baths • 1969 sqft

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This property looks like a bad Mid-Term investment with a projected -4.09% first-year return on $122k initial cash invested.

-4.09%

Cash On Cash

5.4%

Cap Rate

0.9

DSCR

$3,952

Rent

-$416

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,952 income − $4,368 expenses = $416 out of pocket

Income$3,952Out of Pocket$416Mortgage P&I$2,48663%Property Taxes$3659%Insurance$1734%Management$47412%CapEx$1584%Vacancy$1193%Maintenance$1584%Other$43511%

Investment Breakdown

|

Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,952

Total Expenses

$4,368

Mortgage P&I

63%

$2,486

Property Taxes

9%

$365

Home Insurance

4%

$173

HOA

0%

$0

Property Management

12%

$474

CapEx

4%

$158

Vacancy

3%

$119

Maintenance

4%

$158

Other

11%

$435

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