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1203 Granite Ave, Richmond, VA 23226

3 beds • 2 baths • 989 sqft

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This property looks like a bad Airbnb investment with a projected -3.31% first-year return on $114k initial cash invested.

-3.31%

Cash On Cash

5.56%

Cap Rate

0.94

DSCR

$4,649

Rent

-$314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,649 income − $4,963 expenses = $314 out of pocket

Income$4,649Out of Pocket$314Mortgage P&I$2,24548%Property Taxes$3407%Insurance$1473%Management$69715%CapEx$1864%Maintenance$1864%Other$1,16225%

Investment Breakdown

|

Purchase Price

$457k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,400

Closing costs

1%

$4,570

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,649

Total Expenses

$4,963

Mortgage P&I

48%

$2,245

Property Taxes

7%

$340

Home Insurance

3%

$147

HOA

0%

$0

Property Management

15%

$697

CapEx

4%

$186

Vacancy

0%

$0

Maintenance

4%

$186

Other

25%

$1,162

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