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1117 Wide Gap Rd, Lexington, VA 24450

3 beds • 2 baths • 2036 sqft

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This property looks like a bad Airbnb investment with a projected -7.5% first-year return on $111k initial cash invested.

-7.5%

Cash On Cash

4.5%

Cap Rate

0.75

DSCR

$3,427

Rent

-$694

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,427 income − $4,121 expenses = $694 out of pocket

Income$3,427Out of Pocket$694Mortgage P&I$2,21865%Property Taxes$1324%Insurance$1264%Management$51415%CapEx$1374%Maintenance$1374%Other$85725%

Investment Breakdown

|

Purchase Price

$443k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,580

Closing costs

1%

$4,429

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,427

Total Expenses

$4,121

Mortgage P&I

65%

$2,218

Property Taxes

4%

$132

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$514

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$857

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