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8526 Circle Dr, Norfolk, VA 23503

3 beds • 3 baths • 2200 sqft

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This property looks like a bad Airbnb investment with a projected -14.85% first-year return on $136k initial cash invested.

-14.85%

Cash On Cash

2.58%

Cap Rate

0.44

DSCR

$3,454

Rent

-$1,678

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,454 income − $5,132 expenses = $1,678 out of pocket

Income$3,454Out of Pocket$1,678Mortgage P&I$2,74279%Property Taxes$53616%Insurance$1966%Management$51815%CapEx$1384%Maintenance$1384%Other$86425%

Investment Breakdown

|

Purchase Price

$560k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$112k

Closing costs

1%

$5,600

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,454

Total Expenses

$5,132

Mortgage P&I

79%

$2,742

Property Taxes

16%

$536

Home Insurance

6%

$196

HOA

0%

$0

Property Management

15%

$518

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$864

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