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4866 Texas Ave, Norfolk, VA 23513

3 beds • 2 baths • 1436 sqft

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This property looks like a bad Airbnb investment with a projected -17.29% first-year return on $80,979 initial cash invested.

-17.29%

Cash On Cash

1.69%

Cap Rate

0.28

DSCR

$1,477

Rent

-$1,167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,477 income − $2,644 expenses = $1,167 out of pocket

Income$1,477Out of Pocket$1,167Mortgage P&I$1,530104%Property Taxes$30020%Insurance$1057%Management$22215%CapEx$594%Maintenance$594%Other$36925%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,477

Total Expenses

$2,644

Mortgage P&I

104%

$1,530

Property Taxes

20%

$300

Home Insurance

7%

$105

HOA

0%

$0

Property Management

15%

$222

CapEx

4%

$59

Vacancy

0%

$0

Maintenance

4%

$59

Other

25%

$369

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