REI Lense

REI Lense

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$2,742 (target)

8526 Circle Dr, Norfolk, VA 23503

3 beds • 3 baths • 2200 sqft

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This property looks like a bad Long-Term investment with a projected -14.74% first-year return on $118k initial cash invested.

-14.74%

Cash On Cash

3.07%

Cap Rate

0.52

DSCR

$2,742

Rent

-$1,445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,742 income − $4,187 expenses = $1,445 out of pocket

Income$2,742Out of Pocket$1,445Mortgage P&I$2,742100%Property Taxes$53620%Insurance$1967%Management$27410%CapEx$1375%Vacancy$1656%Maintenance$1375%

Investment Breakdown

|

Purchase Price

$560k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$112k

Closing costs

1%

$5,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,742

Total Expenses

$4,187

Mortgage P&I

100%

$2,742

Property Taxes

20%

$536

Home Insurance

7%

$196

HOA

0%

$0

Property Management

10%

$274

CapEx

5%

$137

Vacancy

6%

$165

Maintenance

5%

$137

Other

0%

$0

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