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4411 Hanover Ave, Richmond, VA 23221

3 beds • 2 baths • 1453 sqft

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This property looks like a bad Airbnb investment with a projected -8.49% first-year return on $139k initial cash invested.

-8.49%

Cash On Cash

4.11%

Cap Rate

0.71

DSCR

$4,755

Rent

-$981

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,747

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,755

Total Expenses

$5,736

Mortgage P&I

58%

$2,759

Property Taxes

10%

$490

Home Insurance

4%

$205

HOA

0%

$0

Property Management

15%

$713

CapEx

4%

$190

Vacancy

0%

$0

Maintenance

4%

$190

Other

25%

$1,189

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