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7402 Edgewood Ave, Richmond, VA 23227

3 beds • 2 baths • 1544 sqft

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This property looks like a bad Airbnb investment with a projected -11.56% first-year return on $102k initial cash invested.

-11.56%

Cash On Cash

3.57%

Cap Rate

0.58

DSCR

$2,775

Rent

-$982

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,775 income − $3,757 expenses = $982 out of pocket

Income$2,775Out of Pocket$982Mortgage P&I$2,06174%Property Taxes$2248%Insurance$1405%Management$41615%CapEx$1114%Maintenance$1114%Other$69425%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,775

Total Expenses

$3,757

Mortgage P&I

74%

$2,061

Property Taxes

8%

$224

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$694

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