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2400 Toro Ct, Virginia Beach, VA 23456

3 beds • 3 baths • 2400 sqft

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This property looks like a bad Airbnb investment with a projected -16.74% first-year return on $180k initial cash invested.

-16.74%

Cash On Cash

2.4%

Cap Rate

0.4

DSCR

$4,089

Rent

-$2,507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,089 income − $6,596 expenses = $2,507 out of pocket

Income$4,089Out of Pocket$2,507Mortgage P&I$3,88295%Property Taxes$48112%Insurance$2707%Management$61315%CapEx$1644%Maintenance$1644%Other$1,02225%

Investment Breakdown

|

Purchase Price

$770k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$180k

Downpayment

20%

$154k

Closing costs

1%

$7,699

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,089

Total Expenses

$6,596

Mortgage P&I

95%

$3,882

Property Taxes

12%

$481

Home Insurance

7%

$270

HOA

0%

$0

Property Management

15%

$613

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,022

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