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901 Melvin Dr, Portsmouth, VA 23701

3 beds • 2 baths • 1854 sqft

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This property might be a fair Mid-Term investment with a projected 8.67% first-year return on $75,750 initial cash invested.

8.67%

Cash On Cash

8.82%

Cap Rate

1.51

DSCR

$3,393

Rent

$547

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

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,393

Total Expenses

$2,846

Mortgage P&I

39%

$1,338

Property Taxes

8%

$258

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$407

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$373

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