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1623 Elm St, Bristol, VA 24201

4 beds • 2 baths • 1816 sqft

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This property looks like a bad Airbnb investment with a projected -8.14% first-year return on $70,431 initial cash invested.

-8.14%

Cash On Cash

4.04%

Cap Rate

0.65

DSCR

$1,688

Rent

-$478

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,688 income − $2,166 expenses = $478 out of pocket

Income$1,688Out of Pocket$478Mortgage P&I$1,15568%Property Taxes$1489%Insurance$523%Management$25315%CapEx$684%Maintenance$684%Other$42225%

Investment Breakdown

|

Purchase Price

$221k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,431

Downpayment

20%

$44,220

Closing costs

1%

$2,211

Rehab

0%

$0

Furnishing

11%

$24,000

Cashflow

Total Income

$1,688

Total Expenses

$2,166

Mortgage P&I

68%

$1,155

Property Taxes

9%

$148

Home Insurance

3%

$52

HOA

0%

$0

Property Management

15%

$253

CapEx

4%

$68

Vacancy

0%

$0

Maintenance

4%

$68

Other

25%

$422

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Charming 3br/2 bath house, 5 mins from downtown

$2,418

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4

2

0.63 mi

The Bristol Queen

$6,513

$404

4

3.5

0.62 mi

The Sanctuary Company Johnson City

$2,257

$140

3

2

0.11 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Projection Charts

Investment Value YoY

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