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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 -22.67% first-year return on $203k initial cash invested.

-22.67%

Cash On Cash

1.02%

Cap Rate

0.17

DSCR

$3,232

Rent

-$3,831

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,232 income − $7,063 expenses = $3,831 out of pocket

Income$3,232Out of Pocket$3,831Mortgage P&I$4,451138%Property Taxes$74623%Insurance$31510%Management$48515%CapEx$1294%Maintenance$1294%Other$80825%

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

$3,232

Total Expenses

$7,063

Mortgage P&I

138%

$4,451

Property Taxes

23%

$746

Home Insurance

10%

$315

HOA

0%

$0

Property Management

15%

$485

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$808

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