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131 Elwood Ave, Norfolk, VA 23505

4 beds • 3 baths • 2173 sqft

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This property looks like a bad Airbnb investment with a projected -15.78% first-year return on $122k initial cash invested.

-15.78%

Cash On Cash

1.97%

Cap Rate

0.34

DSCR

$2,407

Rent

-$1,600

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$93,000

Closing costs

1%

$4,650

Rehab

0%

$0

Furnishing

5%

$24,000

Cashflow

Total Income

$2,407

Total Expenses

$4,007

Mortgage P&I

94%

$2,268

Property Taxes

17%

$421

Home Insurance

7%

$163

HOA

0%

$0

Property Management

15%

$361

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$602

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Granby Cottages ~ A ~ renovated monthly rental

$2,178

$93

3

2

0.46 mi

H4N Three Bedroom - Norfolk

$3,466

$148

3

2

0.7 mi

Sunset Sanctuary on the Water- Fast Wifi/Netflix

$2,600

$111

3

2

0.71 mi

Granby Cottages ~ B ~ renovated monthly rental!

$2,178

$93

3

1

0.42 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 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

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

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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