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2428 Middle Ave, Norfolk, VA 23504

3 beds • 2 baths • 1400 sqft

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This property might be a fair Airbnb investment with a projected 0.73% first-year return on $78,879 initial cash invested.

0.73%

Cash On Cash

6.56%

Cap Rate

1.13

DSCR

$3,242

Rent

$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,242

Total Expenses

$3,194

Mortgage P&I

43%

$1,407

Property Taxes

4%

$129

Home Insurance

3%

$102

HOA

0%

$0

Property Management

15%

$486

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$810

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