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3760 Luther Dr, Salem, VA 24153

3 beds • 2 baths • 1675 sqft

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This property looks like a bad Airbnb investment with a projected -3.14% first-year return on $85,473 initial cash invested.

-3.14%

Cash On Cash

5.46%

Cap Rate

0.94

DSCR

$3,224

Rent

-$224

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,224 income − $3,448 expenses = $224 out of pocket

Income$3,224Out of Pocket$224Mortgage P&I$1,55748%Property Taxes$2297%Insurance$1144%Management$48415%CapEx$1294%Maintenance$1294%Other$80625%

Investment Breakdown

|

Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,473

Downpayment

20%

$64,260

Closing costs

1%

$3,213

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,224

Total Expenses

$3,448

Mortgage P&I

48%

$1,557

Property Taxes

7%

$229

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$484

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$806

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