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1604 Spruce Street Ext, Martinsville, VA 24112

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Airbnb investment with a projected -8.02% first-year return on $62,856 initial cash invested.

-8.02%

Cash On Cash

4.1%

Cap Rate

0.67

DSCR

$1,602

Rent

-$420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,602 income − $2,022 expenses = $420 out of pocket

Income$1,602Out of Pocket$420Mortgage P&I$1,08568%Property Taxes$906%Insurance$795%Management$24015%CapEx$644%Maintenance$644%Other$40025%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,856

Downpayment

20%

$42,720

Closing costs

1%

$2,136

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,602

Total Expenses

$2,022

Mortgage P&I

68%

$1,085

Property Taxes

6%

$90

Home Insurance

5%

$79

HOA

0%

$0

Property Management

15%

$240

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$400

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