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1928 Slalom Dr, Virginia Beach, VA 23453

3 beds • 3 baths • 1595 sqft

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This property looks like a bad Airbnb investment with a projected -13.49% first-year return on $110k initial cash invested.

-13.49%

Cash On Cash

2.69%

Cap Rate

0.46

DSCR

$2,564

Rent

-$1,241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$88,000

Closing costs

1%

$4,400

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,564

Total Expenses

$3,805

Mortgage P&I

83%

$2,126

Property Taxes

11%

$293

Home Insurance

6%

$154

HOA

0%

$0

Property Management

15%

$385

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$641

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Comparable Property

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ADR

Beds

Baths

Distance

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3

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3

2.5

2.07 mi

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2

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4

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2

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5

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2

1

0.9 mi

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$2,850

$285

5

4

0.6 mi

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$1,100

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2

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0.9 mi

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$2,850

$285

5

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