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$3,648 (target)

8960 Norseman Ln, Gloucester, VA 23061

3 beds • 2 baths • 1782 sqft

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This property looks like a bad Mid-Term investment with a projected -6.53% first-year return on $123k initial cash invested.

-6.53%

Cash On Cash

5.29%

Cap Rate

0.81

DSCR

$3,648

Rent

-$668

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,648 income − $4,316 expenses = $668 out of pocket

Income$3,648Out of Pocket$668Mortgage P&I$2,72075%Property Taxes$1815%Insurance$1755%Management$43812%CapEx$1464%Vacancy$1093%Maintenance$1464%Other$40111%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,648

Total Expenses

$4,316

Mortgage P&I

75%

$2,720

Property Taxes

5%

$181

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$438

CapEx

4%

$146

Vacancy

3%

$109

Maintenance

4%

$146

Other

11%

$401

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