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2789 Reed Creek Dr, Bassett, VA 24055

3 beds • 3 baths • 3248 sqft

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This property looks like a bad Airbnb investment with a projected -9.46% first-year return on $68,379 initial cash invested.

-9.46%

Cash On Cash

3.82%

Cap Rate

0.62

DSCR

$1,671

Rent

-$539

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,671 income − $2,210 expenses = $539 out of pocket

Income$1,671Out of Pocket$539Mortgage P&I$1,23674%Property Taxes$553%Insurance$1167%Management$25115%CapEx$674%Maintenance$674%Other$41825%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,671

Total Expenses

$2,210

Mortgage P&I

74%

$1,236

Property Taxes

3%

$55

Home Insurance

7%

$116

HOA

0%

$0

Property Management

15%

$251

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$418

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