REI Lense

REI Lense

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$2,634 (target)

7410 Major Ave, Norfolk, VA 23505

3 beds • 2 baths • 1339 sqft

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This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $85,200 initial cash invested.

-3.28%

Cash On Cash

5.47%

Cap Rate

0.92

DSCR

$2,634

Rent

-$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,634 income − $2,867 expenses = $233 out of pocket

Income$2,634Out of Pocket$233Mortgage P&I$1,58660%Property Taxes$27410%Insurance$1124%Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$29011%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,634

Total Expenses

$2,867

Mortgage P&I

60%

$1,586

Property Taxes

10%

$274

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$290

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