REI Lense

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$4,526 (target)

722 Thayor St, Norfolk, VA 23504

3 beds • 3 baths • 1749 sqft

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This property could be a profitable Mid-Term investment with a projected 10.08% first-year return on $88,350 initial cash invested.

10.08%

Cash On Cash

9.73%

Cap Rate

1.51

DSCR

$4,526

Rent

$742

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,526 income − $3,784 expenses = $742 cash flow

Income$4,526Mortgage P&I$1,79440%Property Taxes$3347%Insurance$1173%Management$54312%CapEx$1814%Vacancy$1363%Maintenance$1814%Other$49811%Cash Flow$742

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,526

Total Expenses

$3,784

Mortgage P&I

40%

$1,794

Property Taxes

7%

$334

Home Insurance

3%

$117

HOA

0%

$0

Property Management

12%

$543

CapEx

4%

$181

Vacancy

3%

$136

Maintenance

4%

$181

Other

11%

$498

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