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2112 Cove Creek Rd, Covington, VA 24426

3 beds • 2 baths • 1551 sqft

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This property looks like a bad Airbnb investment with a projected -9.03% first-year return on $95,679 initial cash invested.

-9.03%

Cash On Cash

3.94%

Cap Rate

0.66

DSCR

$2,523

Rent

-$720

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,523 income − $3,243 expenses = $720 out of pocket

Income$2,523Out of Pocket$720Mortgage P&I$1,83273%Property Taxes$653%Insurance$1355%Management$37815%CapEx$1014%Maintenance$1014%Other$63125%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,523

Total Expenses

$3,243

Mortgage P&I

73%

$1,832

Property Taxes

3%

$65

Home Insurance

5%

$135

HOA

0%

$0

Property Management

15%

$378

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$631

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