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471 Richneck Rd, Newport News, VA 23608

3 beds • 2 baths • 1804 sqft

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This property looks like a bad Airbnb investment with a projected -6.91% first-year return on $91,479 initial cash invested.

-6.91%

Cash On Cash

4.76%

Cap Rate

0.78

DSCR

$3,242

Rent

-$527

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,242 income − $3,769 expenses = $527 out of pocket

Income$3,242Out of Pocket$527Mortgage P&I$1,78555%Property Taxes$3069%Insurance$1224%Management$48615%CapEx$1304%Maintenance$1304%Other$81025%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,242

Total Expenses

$3,769

Mortgage P&I

55%

$1,785

Property Taxes

9%

$306

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$486

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$810

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