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8425 Michael Rd, Henrico, VA 23229

4 beds • 3 baths • 2378 sqft

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This property looks like a bad Long-Term investment with a projected -7.17% first-year return on $93,114 initial cash invested.

-7.17%

Cash On Cash

4.7%

Cap Rate

0.81

DSCR

$2,710

Rent

-$556

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$443k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,114

Downpayment

20%

$88,680

Closing costs

1%

$4,434

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,710

Total Expenses

$3,266

Mortgage P&I

80%

$2,156

Property Taxes

9%

$246

Home Insurance

6%

$158

HOA

0%

$0

Property Management

10%

$271

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

8311 Michael Rd, Henrico, VA 23229

$2,395

4

3

2274

0.3 mi

2340 Pathfinder Cir, Henrico, VA 23294

$2,600

4

3

2430

1.5 mi

1701 Ranch Dr, Henrico, VA 23229

$3,800

4

2.5

2370

0.8 mi

8402 Kalb Rd, Henrico, VA 23229

$2,980

4

3

2830

0.4 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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