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626 Pennsylvania Ave, Norfolk, VA 23508

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Airbnb investment with a projected -10.09% first-year return on $83,100 initial cash invested.

-10.09%

Cash On Cash

3.47%

Cap Rate

0.6

DSCR

$2,306

Rent

-$699

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,306

Total Expenses

$3,005

Mortgage P&I

65%

$1,503

Property Taxes

12%

$288

Home Insurance

5%

$108

HOA

0%

$0

Property Management

15%

$346

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$576

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