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1009 Joyce St, Norfolk, VA 23523

3 beds • 3 baths • 1992 sqft

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This property looks like a bad Airbnb investment with a projected -3.76% first-year return on $93,579 initial cash invested.

-3.76%

Cash On Cash

5.31%

Cap Rate

0.92

DSCR

$3,699

Rent

-$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,699

Total Expenses

$3,992

Mortgage P&I

47%

$1,739

Property Taxes

9%

$351

Home Insurance

3%

$126

HOA

0%

$0

Property Management

15%

$555

CapEx

4%

$148

Vacancy

0%

$0

Maintenance

4%

$148

Other

25%

$925

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