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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 -11.27% first-year return on $91,500 initial cash invested.

-11.27%

Cash On Cash

3.28%

Cap Rate

0.56

DSCR

$2,336

Rent

-$859

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,336 income − $3,195 expenses = $859 out of pocket

Income$2,336Out of Pocket$859Mortgage P&I$1,72374%Property Taxes$2059%Insurance$1225%HOA$251%Management$35015%CapEx$934%Maintenance$934%Other$58425%

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

$2,336

Total Expenses

$3,195

Mortgage P&I

74%

$1,723

Property Taxes

9%

$205

Home Insurance

5%

$122

HOA

1%

$25

Property Management

15%

$350

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$584

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