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18 Providence Ln, Waynesboro, VA 22980

3 beds • 4 baths • 10618 sqft

$1,395,000

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This property looks like a bad Airbnb investment with a projected -24.9% first-year return on $311k initial cash invested.

-24.9%

Cash On Cash

0.43%

Cap Rate

0.07

DSCR

$2,798

Rent

-$6,453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,798 income − $9,251 expenses = $6,453 out of pocket

Income$2,798Out of Pocket$6,453Mortgage P&I$6,838244%Property Taxes$58121%Insurance$48817%Management$42015%CapEx$1124%Maintenance$1124%Other$70025%

Investment Breakdown

|

Purchase Price

$1395k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$311k

Downpayment

20%

$279k

Closing costs

1%

$13,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,798

Total Expenses

$9,251

Mortgage P&I

244%

$6,838

Property Taxes

21%

$581

Home Insurance

17%

$488

HOA

0%

$0

Property Management

15%

$420

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$700

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