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283 Exeter Rd, Newport News, VA 23602

3 beds • 2 baths • 1711 sqft

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This property looks like a bad Airbnb investment with a projected -14.06% first-year return on $98,850 initial cash invested.

-14.06%

Cash On Cash

2.81%

Cap Rate

0.46

DSCR

$2,418

Rent

-$1,158

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,418 income − $3,576 expenses = $1,158 out of pocket

Income$2,418Out of Pocket$1,158Mortgage P&I$1,96181%Property Taxes$31913%Insurance$1356%Management$36315%CapEx$974%Maintenance$974%Other$60425%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,418

Total Expenses

$3,576

Mortgage P&I

81%

$1,961

Property Taxes

13%

$319

Home Insurance

6%

$135

HOA

0%

$0

Property Management

15%

$363

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$604

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