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501 Carolina Ave, Norfolk, VA 23508

3 beds • 2 baths • 2114 sqft

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This property looks like a bad Airbnb investment with a projected -10.59% first-year return on $109k initial cash invested.

-10.59%

Cash On Cash

3.74%

Cap Rate

0.62

DSCR

$3,518

Rent

-$965

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,518 income − $4,483 expenses = $965 out of pocket

Income$3,518Out of Pocket$965Mortgage P&I$2,18162%Property Taxes$46013%Insurance$1524%Management$52815%CapEx$1414%Maintenance$1414%Other$88025%

Investment Breakdown

|

Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$87,000

Closing costs

1%

$4,350

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,518

Total Expenses

$4,483

Mortgage P&I

62%

$2,181

Property Taxes

13%

$460

Home Insurance

4%

$152

HOA

0%

$0

Property Management

15%

$528

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$880

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