REI Lense

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$2,635 (target)

653 Edwin Dr, Virginia Beach, VA 23462

3 beds • 3 baths • 1969 sqft

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This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $104k initial cash invested.

-12.41%

Cash On Cash

3.74%

Cap Rate

0.62

DSCR

$2,635

Rent

-$1,075

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,635 income − $3,710 expenses = $1,075 out of pocket

Income$2,635Out of Pocket$1,075Mortgage P&I$2,48694%Property Taxes$36514%Insurance$1737%Management$26410%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,635

Total Expenses

$3,710

Mortgage P&I

94%

$2,486

Property Taxes

14%

$365

Home Insurance

7%

$173

HOA

0%

$0

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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