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1511 Lake Forest Dr, Charlottesville, VA 22901

3 beds • 2 baths • 1974 sqft

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This property looks like a bad Airbnb investment with a projected -19.45% first-year return on $107k initial cash invested.

-19.45%

Cash On Cash

1.34%

Cap Rate

0.22

DSCR

$1,829

Rent

-$1,736

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,829 income − $3,565 expenses = $1,736 out of pocket

Income$1,829Out of Pocket$1,736Mortgage P&I$2,136117%Property Taxes$31017%Insurance$1528%HOA$905%Management$27415%CapEx$734%Maintenance$734%Other$45725%

Investment Breakdown

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Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,840

Closing costs

1%

$4,242

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,829

Total Expenses

$3,565

Mortgage P&I

117%

$2,136

Property Taxes

17%

$310

Home Insurance

8%

$152

HOA

5%

$90

Property Management

15%

$274

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$457

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