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3616 Parr Ln, Chesapeake, VA 23323

3 beds • 2 baths • 1534 sqft

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This property looks like a bad Airbnb investment with a projected -7.74% first-year return on $112k initial cash invested.

-7.74%

Cash On Cash

4.41%

Cap Rate

0.74

DSCR

$3,716

Rent

-$722

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,716 income − $4,438 expenses = $722 out of pocket

Income$3,716Out of Pocket$722Mortgage P&I$2,21560%Property Taxes$2838%Insurance$1564%Management$55715%CapEx$1494%Maintenance$1494%Other$92925%

Investment Breakdown

|

Purchase Price

$447k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,400

Closing costs

1%

$4,470

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,716

Total Expenses

$4,438

Mortgage P&I

60%

$2,215

Property Taxes

8%

$283

Home Insurance

4%

$156

HOA

0%

$0

Property Management

15%

$557

CapEx

4%

$149

Vacancy

0%

$0

Maintenance

4%

$149

Other

25%

$929

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