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2428 Middle Ave, Norfolk, VA 23504

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Airbnb investment with a projected -1.72% first-year return on $78,879 initial cash invested.

-1.72%

Cash On Cash

5.84%

Cap Rate

1

DSCR

$2,932

Rent

-$113

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,932 income − $3,045 expenses = $113 out of pocket

Income$2,932Out of Pocket$113Mortgage P&I$1,40748%Property Taxes$1294%Insurance$1023%Management$44015%CapEx$1174%Maintenance$1174%Other$73325%

Investment Breakdown

|

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

$2,932

Total Expenses

$3,045

Mortgage P&I

48%

$1,407

Property Taxes

4%

$129

Home Insurance

3%

$102

HOA

0%

$0

Property Management

15%

$440

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$733

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