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1524 Salem Ave SW, Roanoke, VA 24016

3 beds • 3 baths • 1590 sqft

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This property could be a profitable Airbnb investment with a projected 12.86% first-year return on $58,614 initial cash invested.

12.86%

Cash On Cash

10.96%

Cap Rate

1.78

DSCR

$3,636

Rent

$628

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,636 income − $3,008 expenses = $628 cash flow

Income$3,636Mortgage P&I$99427%Property Taxes$2006%Insurance$702%Management$54515%CapEx$1454%Maintenance$1454%Other$90925%Cash Flow$628

Investment Breakdown

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Purchase Price

$193k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,614

Downpayment

20%

$38,680

Closing costs

1%

$1,934

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,636

Total Expenses

$3,008

Mortgage P&I

27%

$994

Property Taxes

6%

$200

Home Insurance

2%

$70

HOA

0%

$0

Property Management

15%

$545

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$909

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