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626 Pennsylvania Ave, Norfolk, VA 23508

3 beds • 2 baths • 1900 sqft

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This property might be a fair Airbnb investment with a projected 3.28% first-year return on $83,100 initial cash invested.

3.28%

Cash On Cash

7.33%

Cap Rate

1.26

DSCR

$4,087

Rent

$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,087 income − $3,860 expenses = $227 cash flow

Income$4,087Mortgage P&I$1,50337%Property Taxes$2887%Insurance$1083%Management$61315%CapEx$1634%Maintenance$1634%Other$1,02225%Cash Flow$227

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

$4,087

Total Expenses

$3,860

Mortgage P&I

37%

$1,503

Property Taxes

7%

$288

Home Insurance

3%

$108

HOA

0%

$0

Property Management

15%

$613

CapEx

4%

$163

Vacancy

0%

$0

Maintenance

4%

$163

Other

25%

$1,022

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