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3712 N Queensgrove Cir, Virginia Beach, VA 23452

3 beds • 2 baths • 1646 sqft

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This property looks like a bad Airbnb investment with a projected -16.68% first-year return on $155k initial cash invested.

-16.68%

Cash On Cash

2.31%

Cap Rate

0.38

DSCR

$3,508

Rent

-$2,147

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,508 income − $5,655 expenses = $2,147 out of pocket

Income$3,508Out of Pocket$2,147Mortgage P&I$3,25793%Property Taxes$48714%Insurance$2286%Management$52615%CapEx$1404%Maintenance$1404%Other$87725%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,508

Total Expenses

$5,655

Mortgage P&I

93%

$3,257

Property Taxes

14%

$487

Home Insurance

7%

$228

HOA

0%

$0

Property Management

15%

$526

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$877

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