REI Lense

REI Lense

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Target property

2440 Dominion Ave, Norfolk, VA 23518

3 beds • 2 baths • 1487 sqft

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This property looks like a bad Airbnb investment with a projected -28.06% first-year return on $90,450 initial cash invested.

-28.06%

Cash On Cash

-1.27%

Cap Rate

-0.21

DSCR

$0

Rent

-$2,115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $2,115 expenses = $2,115 out of pocket

Income$0Out of Pocket$2,115Mortgage P&I$1,751Property Taxes$243Insurance$121

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$0

Total Expenses

$2,115

Mortgage P&I

17510000%

$1,751

Property Taxes

2430000%

$243

Home Insurance

1210000%

$121

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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