REI Lense

REI Lense

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$1,657 (target)

8272 Fernwood Dr, Norfolk, VA 23518

3 beds • 2 baths • 1532 sqft

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This property looks like a bad Long-Term investment with a projected -11.69% first-year return on $65,100 initial cash invested.

-11.69%

Cash On Cash

3.74%

Cap Rate

0.64

DSCR

$1,657

Rent

-$634

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,657

Total Expenses

$2,291

Mortgage P&I

91%

$1,516

Property Taxes

14%

$236

Home Insurance

7%

$108

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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