REI Lense

REI Lense

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$1,756 (target)

7410 Major Ave, Norfolk, VA 23505

3 beds • 2 baths • 1339 sqft

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This property looks like a bad Long-Term investment with a projected -12.02% first-year return on $67,200 initial cash invested.

-12.02%

Cash On Cash

3.75%

Cap Rate

0.63

DSCR

$1,756

Rent

-$673

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,756 income − $2,429 expenses = $673 out of pocket

Income$1,756Out of Pocket$673Mortgage P&I$1,58690%Property Taxes$27416%Insurance$1126%Management$17610%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,756

Total Expenses

$2,429

Mortgage P&I

90%

$1,586

Property Taxes

16%

$274

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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