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1548 Cherry Grove Rd N, Suffolk, VA 23432

4 beds • 5 baths • 2115 sqft

$1,595,000

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This property looks like a bad Airbnb investment with a projected -24.48% first-year return on $359k initial cash invested.

-24.48%

Cash On Cash

0.54%

Cap Rate

0.09

DSCR

$3,644

Rent

-$7,323

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1595k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$359k

Downpayment

20%

$319k

Closing costs

1%

$15,950

Rehab

0%

$0

Furnishing

2%

$24,000

Cashflow

Total Income

$3,644

Total Expenses

$10,967

Mortgage P&I

217%

$7,894

Property Taxes

21%

$765

Home Insurance

15%

$558

HOA

0%

$0

Property Management

15%

$547

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$911

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5

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0.6 mi

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