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717 Delaware Ave, Norfolk, VA 23508

3 beds • 3 baths • 1650 sqft

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This property looks like a bad Airbnb investment with a projected -7.73% first-year return on $98,850 initial cash invested.

-7.73%

Cash On Cash

4.39%

Cap Rate

0.74

DSCR

$3,426

Rent

-$637

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,426 income − $4,063 expenses = $637 out of pocket

Income$3,426Out of Pocket$637Mortgage P&I$1,90856%Property Taxes$37611%Insurance$1354%Management$51415%CapEx$1374%Maintenance$1374%Other$85625%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,426

Total Expenses

$4,063

Mortgage P&I

56%

$1,908

Property Taxes

11%

$376

Home Insurance

4%

$135

HOA

0%

$0

Property Management

15%

$514

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$856

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