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7 Indian Springs Dr, Newport News, VA 23606

3 beds • 2 baths • 1466 sqft

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This property looks like a bad Airbnb investment with a projected -13.85% first-year return on $97,333 initial cash invested.

-13.85%

Cash On Cash

2.7%

Cap Rate

0.45

DSCR

$2,301

Rent

-$1,123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,301 income − $3,424 expenses = $1,123 out of pocket

Income$2,301Out of Pocket$1,123Mortgage P&I$1,88082%Property Taxes$30813%Insurance$1326%Management$34515%CapEx$924%Maintenance$924%Other$57525%

Investment Breakdown

|

Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,333

Downpayment

20%

$75,555

Closing costs

1%

$3,778

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,301

Total Expenses

$3,424

Mortgage P&I

82%

$1,880

Property Taxes

13%

$308

Home Insurance

6%

$132

HOA

0%

$0

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$575

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