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2948 Enchanting Cir, Virginia Beach, VA 23456

3 beds • 3 baths • 2330 sqft

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This property looks like a bad Airbnb investment with a projected -14.66% first-year return on $134k initial cash invested.

-14.66%

Cash On Cash

2.78%

Cap Rate

0.46

DSCR

$3,415

Rent

-$1,631

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,415 income − $5,046 expenses = $1,631 out of pocket

Income$3,415Out of Pocket$1,631Mortgage P&I$2,77081%Property Taxes$37411%Insurance$1926%HOA$702%Management$51215%CapEx$1374%Maintenance$1374%Other$85425%

Investment Breakdown

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Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,415

Total Expenses

$5,046

Mortgage P&I

81%

$2,770

Property Taxes

11%

$374

Home Insurance

6%

$192

HOA

2%

$70

Property Management

15%

$512

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$854

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