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3017 Bill Reid Ct, Chesapeake, VA 23324

3 beds • 3 baths • 1776 sqft

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This property looks like a bad Airbnb investment with a projected -13.9% first-year return on $79,950 initial cash invested.

-13.9%

Cash On Cash

2.34%

Cap Rate

0.4

DSCR

$1,789

Rent

-$926

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,789 income − $2,715 expenses = $926 out of pocket

Income$1,789Out of Pocket$926Mortgage P&I$1,43080%Property Taxes$32318%Insurance$1036%Management$26815%CapEx$724%Maintenance$724%Other$44725%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,789

Total Expenses

$2,715

Mortgage P&I

80%

$1,430

Property Taxes

18%

$323

Home Insurance

6%

$103

HOA

0%

$0

Property Management

15%

$268

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$447

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