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901 Melvin Dr, Portsmouth, VA 23701

3 beds • 2 baths • 1854 sqft

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This property looks like a bad Long-Term investment with a projected -0.37% first-year return on $57,750 initial cash invested.

-0.37%

Cash On Cash

6.25%

Cap Rate

1.07

DSCR

$2,262

Rent

-$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,262

Total Expenses

$2,280

Mortgage P&I

59%

$1,338

Property Taxes

11%

$258

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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