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6342 Meriwether Ln, Springfield, VA 22150

3 beds • 3 baths • 2816 sqft

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This property looks like a bad Airbnb investment with a projected -24.04% first-year return on $203k initial cash invested.

-24.04%

Cash On Cash

0.68%

Cap Rate

0.11

DSCR

$2,787

Rent

-$4,062

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,787 income − $6,849 expenses = $4,062 out of pocket

Income$2,787Out of Pocket$4,062Mortgage P&I$4,451160%Property Taxes$74627%Insurance$31511%Management$41815%CapEx$1114%Maintenance$1114%Other$69725%

Investment Breakdown

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Purchase Price

$880k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$203k

Downpayment

20%

$176k

Closing costs

1%

$8,799

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,787

Total Expenses

$6,849

Mortgage P&I

160%

$4,451

Property Taxes

27%

$746

Home Insurance

11%

$315

HOA

0%

$0

Property Management

15%

$418

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$697

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