REI Lense

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$3,202 (target)

715 Filer St, Norfolk, VA 23504

3 beds • 2 baths • 1376 sqft

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This property might be a fair Mid-Term investment with a projected 3.52% first-year return on $80,790 initial cash invested.

3.52%

Cash On Cash

7.49%

Cap Rate

1.24

DSCR

$3,202

Rent

$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,202 income − $2,965 expenses = $237 cash flow

Income$3,202Mortgage P&I$1,50247%Property Taxes$2708%Insurance$1053%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%Cash Flow$237

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,202

Total Expenses

$2,965

Mortgage P&I

47%

$1,502

Property Taxes

8%

$270

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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