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3226 Rakes Rd, Rocky Mount, VA 24151

3 beds • 2 baths • 3024 sqft

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This property looks like a bad Airbnb investment with a projected -8.04% first-year return on $119k initial cash invested.

-8.04%

Cash On Cash

4.42%

Cap Rate

0.73

DSCR

$3,670

Rent

-$798

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,670 income − $4,468 expenses = $798 out of pocket

Income$3,670Out of Pocket$798Mortgage P&I$2,42666%Property Taxes$1053%Insurance$1755%Management$55015%CapEx$1474%Maintenance$1474%Other$91825%

Investment Breakdown

|

Purchase Price

$482k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,340

Closing costs

1%

$4,817

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,670

Total Expenses

$4,468

Mortgage P&I

66%

$2,426

Property Taxes

3%

$105

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$550

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$918

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