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1310 Little Bay Ave, Norfolk, VA 23503

3 beds • 2 baths • 960 sqft

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This property looks like a bad Airbnb investment with a projected -3.21% first-year return on $91,290 initial cash invested.

-3.21%

Cash On Cash

5.46%

Cap Rate

0.94

DSCR

$3,473

Rent

-$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,473 income − $3,717 expenses = $244 out of pocket

Income$3,473Out of Pocket$244Mortgage P&I$1,69449%Property Taxes$2347%Insurance$1224%Management$52115%CapEx$1394%Maintenance$1394%Other$86825%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,473

Total Expenses

$3,717

Mortgage P&I

49%

$1,694

Property Taxes

7%

$234

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$521

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$868

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