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1080 Green St, Norfolk, VA 23513

2 beds • 1 baths • 902 sqft

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This property looks like a bad Airbnb investment with a projected -9.75% first-year return on $66,600 initial cash invested.

-9.75%

Cash On Cash

3.72%

Cap Rate

0.64

DSCR

$2,011

Rent

-$541

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

5%

$12,000

Cashflow

Total Income

$2,011

Total Expenses

$2,552

Mortgage P&I

63%

$1,268

Property Taxes

11%

$228

Home Insurance

5%

$91

HOA

0%

$0

Property Management

15%

$302

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$503

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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Quiet 2BR/1.5BA Retreat w/ Fenced Yard, Firepit, & Fast WiFi – Central Norfolk

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2

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4

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0.9 mi

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$2,850

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5

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0.6 mi

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$1,100

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2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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