REI Lense

REI Lense

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$2,230 (target)

726 Delaware Ave, Norfolk, VA 23508

3 beds • 2 baths • 2118 sqft

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This property looks like a bad Long-Term investment with a projected -15.7% first-year return on $99,225 initial cash invested.

-15.7%

Cash On Cash

2.91%

Cap Rate

0.49

DSCR

$2,230

Rent

-$1,298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,230 income − $3,528 expenses = $1,298 out of pocket

Income$2,230Out of Pocket$1,298Mortgage P&I$2,330104%Property Taxes$45220%Insurance$1657%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$473k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,225

Downpayment

20%

$94,500

Closing costs

1%

$4,725

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,230

Total Expenses

$3,528

Mortgage P&I

104%

$2,330

Property Taxes

20%

$452

Home Insurance

7%

$165

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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