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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 -4.95% first-year return on $73,640 initial cash invested.

-4.95%

Cash On Cash

4.87%

Cap Rate

0.84

DSCR

$2,398

Rent

-$304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,398 income − $2,702 expenses = $304 out of pocket

Income$2,398Out of Pocket$304Mortgage P&I$1,28454%Property Taxes$1737%Insurance$934%Management$36015%CapEx$964%Maintenance$964%Other$60025%

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

$2,398

Total Expenses

$2,702

Mortgage P&I

54%

$1,284

Property Taxes

7%

$173

Home Insurance

4%

$93

HOA

0%

$0

Property Management

15%

$360

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$600

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