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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 -16.26% first-year return on $93,600 initial cash invested.

-16.26%

Cash On Cash

2.11%

Cap Rate

0.35

DSCR

$1,789

Rent

-$1,268

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,789 income − $3,057 expenses = $1,268 out of pocket

Income$1,789Out of Pocket$1,268Mortgage P&I$1,830102%Property Taxes$24214%Insurance$1267%Management$26815%CapEx$724%Maintenance$724%Other$44725%

Investment Breakdown

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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

$1,789

Total Expenses

$3,057

Mortgage P&I

102%

$1,830

Property Taxes

14%

$242

Home Insurance

7%

$126

HOA

0%

$0

Property Management

15%

$268

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$447

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