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429 Clemson Ave, Chesapeake, VA 23324

3 beds • 2 baths • 1561 sqft

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This property looks like a bad Airbnb investment with a projected -14.9% first-year return on $93,600 initial cash invested.

-14.9%

Cash On Cash

2.49%

Cap Rate

0.41

DSCR

$1,993

Rent

-$1,162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,993 income − $3,155 expenses = $1,162 out of pocket

Income$1,993Out of Pocket$1,162Mortgage P&I$1,83092%Property Taxes$24212%Insurance$1266%Management$29915%CapEx$804%Maintenance$804%Other$49825%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,993

Total Expenses

$3,155

Mortgage P&I

92%

$1,830

Property Taxes

12%

$242

Home Insurance

6%

$126

HOA

0%

$0

Property Management

15%

$299

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$498

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