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4720 Elmhurst Ave, Norfolk, VA 23513

4 beds • 3 baths • 2249 sqft

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This property looks like a bad Airbnb investment with a projected -9.52% first-year return on $106k initial cash invested.

-9.52%

Cash On Cash

3.59%

Cap Rate

0.62

DSCR

$3,052

Rent

-$840

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

6%

$24,000

Cashflow

Total Income

$3,052

Total Expenses

$3,892

Mortgage P&I

62%

$1,884

Property Taxes

13%

$407

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$458

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$763

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5

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$1,100

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2

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$2,850

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5

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