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423 S Cherry St, Richmond, VA 23220

3 beds • 2 baths • 1124 sqft

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This property looks like a bad Airbnb investment with a projected -10.63% first-year return on $95,658 initial cash invested.

-10.63%

Cash On Cash

3.67%

Cap Rate

0.61

DSCR

$2,895

Rent

-$847

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,895 income − $3,742 expenses = $847 out of pocket

Income$2,895Out of Pocket$847Mortgage P&I$1,86264%Property Taxes$35012%Insurance$1405%Management$43415%CapEx$1164%Maintenance$1164%Other$72425%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,658

Downpayment

20%

$73,960

Closing costs

1%

$3,698

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,895

Total Expenses

$3,742

Mortgage P&I

64%

$1,862

Property Taxes

12%

$350

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$724

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