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2931 Delaware Xing, Virginia Beach, VA 23453

3 beds • 2 baths • 1100 sqft

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This property looks like a bad Airbnb investment with a projected -12.92% first-year return on $91,500 initial cash invested.

-12.92%

Cash On Cash

2.82%

Cap Rate

0.48

DSCR

$2,097

Rent

-$985

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,097 income − $3,082 expenses = $985 out of pocket

Income$2,097Out of Pocket$985Mortgage P&I$1,72382%Property Taxes$20510%Insurance$1226%HOA$251%Management$31515%CapEx$844%Maintenance$844%Other$52425%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,097

Total Expenses

$3,082

Mortgage P&I

82%

$1,723

Property Taxes

10%

$205

Home Insurance

6%

$122

HOA

1%

$25

Property Management

15%

$315

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$524

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