REI Lense- Airbnb
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Long-Term Rental Analysis
3081 Logandale Ave, Richmond, VA 23224
$239,950 • 2 beds • 1 baths • 875 sqft
This property looks like a bad Long-Term investment with a projected -14.6% first-year return on $50,390 initial cash invested.
Cash On Cash
-14.6%
Cap Rate
3.65%
Rent
$1,299
Signal: Med.
Cashflow
-$613
Financing
Purchase Price $240k
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $50,390
Downpayment $47,990
Closing costs $2,400
Rehab $0
Furnishing $0
Cashflow
Total Income $1,299
Total Expenses $1,912
Mortgage P&I $1,277
Property Taxes $213
Home Insurance $84
PManagement $130
CapEx $65
Vacancy $78
Maintenance $65
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 3408 Decatur St | $1287 | 2 | 1 | 890 | 0.5 mi |
| 2 | 238 E 36th St | $1395 | 2 | 1 | 872 | 0.8 mi |
| 3 | 3409 Midlothian Tpke | $1195 | 2 | 1 | 864 | 1 mi |
| 4 | 1012 Bundy Ave | $1575 | 2 | 1 | 904 | 0.8 mi |
| 5 | 3310 Decatur St | $1800 | 2 | 1 | 928 | 0.4 mi |
| 6 | 102 E 35th St | $1195 | 2 | 1 | 908 | 0.9 mi |
| 7 | 3354 Chapel Dr | $1525 | 2 | 1 | 816 | 0.7 mi |
| 8 | 1708 Chicago Ave | $895 | 2 | 1 | 885 | 1.8 mi |
| 9 | 113 E 35th St | $1195 | 2 | 1 | 812 | 0.9 mi |
| 10 | 2011 Boston Ave Unit B | $1050 | 2 | 1 | 910 | 1.4 mi |
| 11 | 26 W 21st St | $1300 | 2 | 1 | 927 | 1.4 mi |
| 12 | 1427 Overlook St | $1500 | 2 | 1 | 844 | 1.9 mi |
| 13 | 4050 Forest Hill Ave | $1300 | 2 | 1 | 845 | 1.8 mi |
| 14 | 708 E 18th St | $895 | 2 | 1 | 825 | 1.7 mi |
| 15 | 1310 Lynhaven Ave | $1200 | 2 | 1 | 932 | 1.7 mi |
| 16 | 3083 Stockton St | $1270 | 2 | 1 | 725 | 0.1 mi |
| 17 | 913 E 15th St | $1250 | 2 | 1 | 816 | 1.9 mi |
| 18 | 3315 Stockton St | $1235 | 2 | 1 | 732 | 0.4 mi |
| 19 | 4030 Forest Hill Ave, Unit U28 | $1350 | 2 | 1 | 804 | 1.8 mi |
| 20 | 2414 Marion Mashore St, Unit 2414 | $1500 | 2 | 1.5 | 848 | 1 mi |
| 21 | 2414 Marion Mashore St | $1500 | 2 | 1.5 | 848 | 1 mi |
| 22 | 1107 E 15th St | $1199 | 2 | 1 | 936 | 2.1 mi |
| 23 | 1514 Bainbridge St, Unit A | $1299 | 2 | 1 | 800 | 1.9 mi |
| 24 | 2225 Wise St | $1600 | 2 | 1 | 1000 | 1.3 mi |
| 25 | 2412 Marion Mashore St | $1700 | 2 | 1.5 | 920 | 1 mi |