REI Lense

REI Lense

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Target property

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 -27.41% first-year return on $98,850 initial cash invested.

-27.41%

Cash On Cash

-0.92%

Cap Rate

-0.15

DSCR

$0

Rent

-$2,258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $2,258 expenses = $2,258 out of pocket

Income$0Out of Pocket$2,258Mortgage P&I$1,964Property Taxes$159Insurance$135

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

$0

Total Expenses

$2,258

Mortgage P&I

19640000%

$1,964

Property Taxes

1590000%

$159

Home Insurance

1350000%

$135

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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