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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 -11.77% first-year return on $102k initial cash invested.

-11.77%

Cash On Cash

3.51%

Cap Rate

0.57

DSCR

$2,741

Rent

-$1,000

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,741 income − $3,741 expenses = $1,000 out of pocket

Income$2,741Out of Pocket$1,000Mortgage P&I$2,06175%Property Taxes$2248%Insurance$1405%Management$41115%CapEx$1104%Maintenance$1104%Other$68525%

Investment Breakdown

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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

$2,741

Total Expenses

$3,741

Mortgage P&I

75%

$2,061

Property Taxes

8%

$224

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$411

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$685

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