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2 Richland Dr, Newport News, VA 23608

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Airbnb investment with a projected -9.43% first-year return on $106k initial cash invested.

-9.43%

Cash On Cash

3.94%

Cap Rate

0.66

DSCR

$3,194

Rent

-$834

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,194 income − $4,028 expenses = $834 out of pocket

Income$3,194Out of Pocket$834Mortgage P&I$2,08465%Property Taxes$2648%Insurance$1475%Management$47915%CapEx$1284%Maintenance$1284%Other$79825%

Investment Breakdown

|

Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,900

Closing costs

1%

$4,195

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,194

Total Expenses

$4,028

Mortgage P&I

65%

$2,084

Property Taxes

8%

$264

Home Insurance

5%

$147

HOA

0%

$0

Property Management

15%

$479

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$798

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