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7029 Old Mill Rd, Norfolk, VA 23518

3 beds • 2 baths • 1910 sqft

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This property could be a profitable Mid-Term investment with a projected 11.2% first-year return on $80,979 initial cash invested.

11.2%

Cash On Cash

9.52%

Cap Rate

1.63

DSCR

$4,090

Rent

$756

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,090

Total Expenses

$3,334

Mortgage P&I

36%

$1,458

Property Taxes

9%

$379

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$491

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$450

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