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231 S Blake Rd, Norfolk, VA 23505

3 beds • 3 baths • 1849 sqft

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This property looks like a bad Airbnb investment with a projected -22.23% first-year return on $137k initial cash invested.

-22.23%

Cash On Cash

0.75%

Cap Rate

0.13

DSCR

$1,945

Rent

-$2,532

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,945 income − $4,477 expenses = $2,532 out of pocket

Income$1,945Out of Pocket$2,532Mortgage P&I$2,807144%Property Taxes$53828%Insurance$19810%Management$29215%CapEx$784%Maintenance$784%Other$48625%

Investment Breakdown

|

Purchase Price

$565k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$113k

Closing costs

1%

$5,650

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,945

Total Expenses

$4,477

Mortgage P&I

144%

$2,807

Property Taxes

28%

$538

Home Insurance

10%

$198

HOA

0%

$0

Property Management

15%

$292

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$486

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