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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 -4.12% first-year return on $114k initial cash invested.

-4.12%

Cash On Cash

5.34%

Cap Rate

0.91

DSCR

$4,502

Rent

-$391

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,502 income − $4,893 expenses = $391 out of pocket

Income$4,502Out of Pocket$391Mortgage P&I$2,24550%Property Taxes$3408%Insurance$1473%Management$67515%CapEx$1804%Maintenance$1804%Other$1,12625%

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

$4,502

Total Expenses

$4,893

Mortgage P&I

50%

$2,245

Property Taxes

8%

$340

Home Insurance

3%

$147

HOA

0%

$0

Property Management

15%

$675

CapEx

4%

$180

Vacancy

0%

$0

Maintenance

4%

$180

Other

25%

$1,126

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