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34 Elm Ave, Newport News, VA 23601

3 beds • 2 baths • 2228 sqft

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This property looks like a bad Airbnb investment with a projected -14.68% first-year return on $110k initial cash invested.

-14.68%

Cash On Cash

2.56%

Cap Rate

0.43

DSCR

$2,565

Rent

-$1,344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,565 income − $3,909 expenses = $1,344 out of pocket

Income$2,565Out of Pocket$1,344Mortgage P&I$2,17385%Property Taxes$35114%Insurance$1536%Management$38515%CapEx$1034%Maintenance$1034%Other$64125%

Investment Breakdown

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Purchase Price

$438k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,500

Closing costs

1%

$4,375

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,565

Total Expenses

$3,909

Mortgage P&I

85%

$2,173

Property Taxes

14%

$351

Home Insurance

6%

$153

HOA

0%

$0

Property Management

15%

$385

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$641

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