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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 -7.29% first-year return on $62,856 initial cash invested.

-7.29%

Cash On Cash

4.33%

Cap Rate

0.71

DSCR

$1,676

Rent

-$382

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,676 income − $2,058 expenses = $382 out of pocket

Income$1,676Out of Pocket$382Mortgage P&I$1,08565%Property Taxes$905%Insurance$795%Management$25115%CapEx$674%Maintenance$674%Other$41925%

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

$1,676

Total Expenses

$2,058

Mortgage P&I

65%

$1,085

Property Taxes

5%

$90

Home Insurance

5%

$79

HOA

0%

$0

Property Management

15%

$251

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$419

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