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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 -6.23% first-year return on $85,473 initial cash invested.

-6.23%

Cash On Cash

4.58%

Cap Rate

0.79

DSCR

$2,800

Rent

-$444

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,800 income − $3,244 expenses = $444 out of pocket

Income$2,800Out of Pocket$444Mortgage P&I$1,55756%Property Taxes$2298%Insurance$1144%Management$42015%CapEx$1124%Maintenance$1124%Other$70025%

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

$2,800

Total Expenses

$3,244

Mortgage P&I

56%

$1,557

Property Taxes

8%

$229

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$420

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$700

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