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724 Mitchell Point Rd, Mineral, VA 23117

3 beds • 2 baths • 2383 sqft

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This property looks like a bad Airbnb investment with a projected -12% first-year return on $144k initial cash invested.

-12%

Cash On Cash

3.41%

Cap Rate

0.57

DSCR

$3,987

Rent

-$1,436

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,980

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,987

Total Expenses

$5,423

Mortgage P&I

75%

$2,974

Property Taxes

7%

$260

Home Insurance

5%

$209

HOA

2%

$67

Property Management

15%

$598

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$997

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