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6369 Devonshire Rd, Norfolk, VA 23513

3 beds • 2 baths • 1234 sqft

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This property looks like a bad Airbnb investment with a projected -10.31% first-year return on $81,000 initial cash invested.

-10.31%

Cash On Cash

3.42%

Cap Rate

0.58

DSCR

$2,165

Rent

-$696

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,165

Total Expenses

$2,861

Mortgage P&I

68%

$1,463

Property Taxes

12%

$253

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$325

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$541

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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3

1

0.27 mi

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$1,392

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2

2

0.63 mi

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$1,737

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2

1

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4

2

1.3 mi

1255 S Forest Knoll St

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2

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0.9 mi

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$2,850

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5

4

0.6 mi

1255 S Forest Knoll St

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$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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