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3505 Garland Ave, Richmond, VA 23222

3 beds • 2 baths • 1447 sqft

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This property looks like a bad Airbnb investment with a projected -12.52% first-year return on $99,018 initial cash invested.

-12.52%

Cash On Cash

3.97%

Cap Rate

0.58

DSCR

$3,158

Rent

-$1,033

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,158 income − $4,191 expenses = $1,033 out of pocket

Income$3,158Out of Pocket$1,033Mortgage P&I$2,18269%Property Taxes$36011%Insurance$1334%Management$47415%CapEx$1264%Maintenance$1264%Other$79025%

Investment Breakdown

|

Purchase Price

$386k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,018

Downpayment

20%

$77,160

Closing costs

1%

$3,858

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,158

Total Expenses

$4,191

Mortgage P&I

69%

$2,182

Property Taxes

11%

$360

Home Insurance

4%

$133

HOA

0%

$0

Property Management

15%

$474

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$790

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