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3544 E Ocean View Ave, Norfolk, VA 23518

3 beds • 2 baths • 1167 sqft

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This property might be a fair Airbnb investment with a projected 2.46% first-year return on $98,850 initial cash invested.

2.46%

Cash On Cash

7.1%

Cap Rate

1.22

DSCR

$5,100

Rent

$203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$5,100

Total Expenses

$4,897

Mortgage P&I

37%

$1,872

Property Taxes

9%

$442

Home Insurance

3%

$135

HOA

0%

$0

Property Management

15%

$765

CapEx

4%

$204

Vacancy

0%

$0

Maintenance

4%

$204

Other

25%

$1,275

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