REI Lense

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$2,457 (target)

960 15th St, Newport News, VA 23607

3 beds • 2 baths • 1275 sqft

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This property might be a fair Mid-Term investment with a projected 2.54% first-year return on $66,090 initial cash invested.

2.54%

Cash On Cash

7.55%

Cap Rate

1.2

DSCR

$2,457

Rent

$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,457 income − $2,317 expenses = $140 cash flow

Income$2,457Mortgage P&I$1,20349%Property Taxes$1998%Insurance$803%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%Cash Flow$140

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,457

Total Expenses

$2,317

Mortgage P&I

49%

$1,203

Property Taxes

8%

$199

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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