REI Lense

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$3,292 (target)

6803 Pierce St, Norfolk, VA 23513

3 beds • 2 baths • 1432 sqft

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This property might be a fair Mid-Term investment with a projected 2.7% first-year return on $86,250 initial cash invested.

2.7%

Cash On Cash

7.23%

Cap Rate

1.2

DSCR

$3,292

Rent

$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,292 income − $3,098 expenses = $194 cash flow

Income$3,292Mortgage P&I$1,63250%Property Taxes$2327%Insurance$1143%Management$39512%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36211%Cash Flow$194

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,292

Total Expenses

$3,098

Mortgage P&I

50%

$1,632

Property Taxes

7%

$232

Home Insurance

3%

$114

HOA

0%

$0

Property Management

12%

$395

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$362

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