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1600 Cherry Grove Rd, Suffolk, VA 23438

3 beds • 3 baths • 2186 sqft

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This property looks like a bad Airbnb investment with a projected -2.8% first-year return on $74,679 initial cash invested.

-2.8%

Cash On Cash

5.62%

Cap Rate

0.96

DSCR

$2,990

Rent

-$174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,990

Total Expenses

$3,164

Mortgage P&I

44%

$1,317

Property Taxes

11%

$317

Home Insurance

3%

$94

HOA

0%

$0

Property Management

15%

$448

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$748

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2

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