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1620 Colonial Ave, Suffolk, VA 23434

3 beds • 2 baths • 1630 sqft

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This property looks like a bad Airbnb investment with a projected -10.11% first-year return on $98,850 initial cash invested.

-10.11%

Cash On Cash

3.87%

Cap Rate

0.63

DSCR

$2,741

Rent

-$833

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,741 income − $3,574 expenses = $833 out of pocket

Income$2,741Out of Pocket$833Mortgage P&I$1,96472%Property Taxes$1596%Insurance$1355%Management$41115%CapEx$1104%Maintenance$1104%Other$68525%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,741

Total Expenses

$3,574

Mortgage P&I

72%

$1,964

Property Taxes

6%

$159

Home Insurance

5%

$135

HOA

0%

$0

Property Management

15%

$411

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$685

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