REI Lense

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$3,429 (target)

8957 Saint George Ave, Norfolk, VA 23503

3 beds • 2 baths • 1443 sqft

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This property looks like a bad Mid-Term investment with a projected -1.11% first-year return on $91,500 initial cash invested.

-1.11%

Cash On Cash

6.73%

Cap Rate

1.03

DSCR

$3,429

Rent

-$85

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,429 income − $3,514 expenses = $85 out of pocket

Income$3,429Out of Pocket$85Mortgage P&I$1,91056%Property Taxes$3179%Insurance$1224%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,429

Total Expenses

$3,514

Mortgage P&I

56%

$1,910

Property Taxes

9%

$317

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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