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8413 Cherokee Rd, Richmond, VA 23235

3 beds • 3 baths • 2233 sqft

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This property looks like a bad Airbnb investment with a projected -12.44% first-year return on $139k initial cash invested.

-12.44%

Cash On Cash

3.21%

Cap Rate

0.55

DSCR

$3,855

Rent

-$1,438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,855 income − $5,293 expenses = $1,438 out of pocket

Income$3,855Out of Pocket$1,438Mortgage P&I$2,82473%Property Taxes$41811%Insurance$2015%Management$57815%CapEx$1544%Maintenance$1544%Other$96425%

Investment Breakdown

|

Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,749

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,855

Total Expenses

$5,293

Mortgage P&I

73%

$2,824

Property Taxes

11%

$418

Home Insurance

5%

$201

HOA

0%

$0

Property Management

15%

$578

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$964

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