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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 -5.38% first-year return on $114k initial cash invested.

-5.38%

Cash On Cash

5%

Cap Rate

0.85

DSCR

$4,272

Rent

-$511

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,272 income − $4,783 expenses = $511 out of pocket

Income$4,272Out of Pocket$511Mortgage P&I$2,24553%Property Taxes$3408%Insurance$1473%Management$64115%CapEx$1714%Maintenance$1714%Other$1,06825%

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

$4,272

Total Expenses

$4,783

Mortgage P&I

53%

$2,245

Property Taxes

8%

$340

Home Insurance

3%

$147

HOA

0%

$0

Property Management

15%

$641

CapEx

4%

$171

Vacancy

0%

$0

Maintenance

4%

$171

Other

25%

$1,068

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