REI Lense

REI Lense

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$2,567 (target)

7371 Kirby Cres, Norfolk, VA 23505

3 beds • 3 baths • 1792 sqft

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This property looks like a bad Long-Term investment with a projected -11.96% first-year return on $86,100 initial cash invested.

-11.96%

Cash On Cash

4.45%

Cap Rate

0.68

DSCR

$2,567

Rent

-$858

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,567 income − $3,425 expenses = $858 out of pocket

Income$2,567Out of Pocket$858Mortgage P&I$2,25088%Property Taxes$36414%Insurance$1446%Management$25710%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,100

Downpayment

20%

$82,000

Closing costs

1%

$4,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,567

Total Expenses

$3,425

Mortgage P&I

88%

$2,250

Property Taxes

14%

$364

Home Insurance

6%

$144

HOA

0%

$0

Property Management

10%

$257

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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