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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 -13.3% first-year return on $91,500 initial cash invested.

-13.3%

Cash On Cash

2.8%

Cap Rate

0.47

DSCR

$2,424

Rent

-$1,014

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,424 income − $3,438 expenses = $1,014 out of pocket

Income$2,424Out of Pocket$1,014Mortgage P&I$1,73572%Property Taxes$41717%Insurance$1225%Management$36415%CapEx$974%Maintenance$974%Other$60625%

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

$2,424

Total Expenses

$3,438

Mortgage P&I

72%

$1,735

Property Taxes

17%

$417

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$364

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$606

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