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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 -10.38% first-year return on $107k initial cash invested.

-10.38%

Cash On Cash

3.81%

Cap Rate

0.63

DSCR

$3,391

Rent

-$926

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,391 income − $4,317 expenses = $926 out of pocket

Income$3,391Out of Pocket$926Mortgage P&I$2,13663%Property Taxes$3109%Insurance$1524%HOA$903%Management$50915%CapEx$1364%Maintenance$1364%Other$84825%

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

$3,391

Total Expenses

$4,317

Mortgage P&I

63%

$2,136

Property Taxes

9%

$310

Home Insurance

4%

$152

HOA

3%

$90

Property Management

15%

$509

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$848

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