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610 Fayette St, Martinsville, VA 24112

3 beds • 2 baths • 1092 sqft

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This property looks like a bad Airbnb investment with a projected -7.82% first-year return on $41,121 initial cash invested.

-7.82%

Cash On Cash

3.52%

Cap Rate

0.58

DSCR

$795

Rent

-$268

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$795 income − $1,063 expenses = $268 out of pocket

Income$795Out of Pocket$268Mortgage P&I$55970%Property Taxes$7810%Insurance$446%Management$11915%CapEx$324%Maintenance$324%Other$19925%

Investment Breakdown

|

Purchase Price

$110k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,121

Downpayment

20%

$22,020

Closing costs

1%

$1,101

Rehab

0%

$0

Furnishing

16%

$18,000

Cashflow

Total Income

$795

Total Expenses

$1,063

Mortgage P&I

70%

$559

Property Taxes

10%

$78

Home Insurance

6%

$44

HOA

0%

$0

Property Management

15%

$119

CapEx

4%

$32

Vacancy

0%

$0

Maintenance

4%

$32

Other

25%

$199

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