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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 -11.37% first-year return on $106k initial cash invested.

-11.37%

Cash On Cash

3.42%

Cap Rate

0.57

DSCR

$2,866

Rent

-$1,005

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,866 income − $3,871 expenses = $1,005 out of pocket

Income$2,866Out of Pocket$1,005Mortgage P&I$2,08473%Property Taxes$2649%Insurance$1475%Management$43015%CapEx$1154%Maintenance$1154%Other$71625%

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

$2,866

Total Expenses

$3,871

Mortgage P&I

73%

$2,084

Property Taxes

9%

$264

Home Insurance

5%

$147

HOA

0%

$0

Property Management

15%

$430

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$716

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