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314 White St, Salem, VA 24153

3 beds • 2 baths • 1368 sqft

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This property looks like a bad Airbnb investment with a projected -2.35% first-year return on $73,640 initial cash invested.

-2.35%

Cash On Cash

5.65%

Cap Rate

0.97

DSCR

$2,703

Rent

-$144

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,703 income − $2,847 expenses = $144 out of pocket

Income$2,703Out of Pocket$144Mortgage P&I$1,28448%Property Taxes$1736%Insurance$933%Management$40515%CapEx$1084%Maintenance$1084%Other$67625%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,640

Downpayment

20%

$52,990

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,703

Total Expenses

$2,847

Mortgage P&I

48%

$1,284

Property Taxes

6%

$173

Home Insurance

3%

$93

HOA

0%

$0

Property Management

15%

$405

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$676

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