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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 -23.14% first-year return on $137k initial cash invested.

-23.14%

Cash On Cash

0.51%

Cap Rate

0.09

DSCR

$1,747

Rent

-$2,635

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,747 income − $4,382 expenses = $2,635 out of pocket

Income$1,747Out of Pocket$2,635Mortgage P&I$2,807161%Property Taxes$53831%Insurance$19811%Management$26215%CapEx$704%Maintenance$704%Other$43725%

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

$1,747

Total Expenses

$4,382

Mortgage P&I

161%

$2,807

Property Taxes

31%

$538

Home Insurance

11%

$198

HOA

0%

$0

Property Management

15%

$262

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$437

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