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3037 Monet Dr, Virginia Beach, VA 23453

3 beds • 2 baths • 1381 sqft

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This property looks like a bad Airbnb investment with a projected -14.29% first-year return on $102k initial cash invested.

-14.29%

Cash On Cash

3.22%

Cap Rate

0.49

DSCR

$2,636

Rent

-$1,214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,636 income − $3,850 expenses = $1,214 out of pocket

Income$2,636Out of Pocket$1,214Mortgage P&I$2,18283%Property Taxes$26410%Insurance$1405%Management$39515%CapEx$1054%Maintenance$1054%Other$65925%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,636

Total Expenses

$3,850

Mortgage P&I

83%

$2,182

Property Taxes

10%

$264

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$395

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$659

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