REI Lense

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$2,149 (target)

7 Indian Springs Dr, Newport News, VA 23606

3 beds • 2 baths • 1466 sqft

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This property looks like a bad Long-Term investment with a projected -11.03% first-year return on $79,333 initial cash invested.

-11.03%

Cash On Cash

4%

Cap Rate

0.67

DSCR

$2,149

Rent

-$729

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,149 income − $2,878 expenses = $729 out of pocket

Income$2,149Out of Pocket$729Mortgage P&I$1,88087%Property Taxes$30814%Insurance$1326%Management$21510%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,333

Downpayment

20%

$75,555

Closing costs

1%

$3,778

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,149

Total Expenses

$2,878

Mortgage P&I

87%

$1,880

Property Taxes

14%

$308

Home Insurance

6%

$132

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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