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2403 Kennon Ave, Norfolk, VA 23513

3 beds • 2 baths • 1516 sqft

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This property looks like a bad Airbnb investment with a projected -13.86% first-year return on $91,500 initial cash invested.

-13.86%

Cash On Cash

2.65%

Cap Rate

0.44

DSCR

$2,341

Rent

-$1,057

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,341 income − $3,398 expenses = $1,057 out of pocket

Income$2,341Out of Pocket$1,057Mortgage P&I$1,73574%Property Taxes$41718%Insurance$1225%Management$35115%CapEx$944%Maintenance$944%Other$58525%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,341

Total Expenses

$3,398

Mortgage P&I

74%

$1,735

Property Taxes

18%

$417

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$351

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$585

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