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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 -15.16% first-year return on $136k initial cash invested.

-15.16%

Cash On Cash

2.5%

Cap Rate

0.42

DSCR

$3,388

Rent

-$1,713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,388 income − $5,101 expenses = $1,713 out of pocket

Income$3,388Out of Pocket$1,713Mortgage P&I$2,74281%Property Taxes$53616%Insurance$1966%Management$50815%CapEx$1364%Maintenance$1364%Other$84725%

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

$3,388

Total Expenses

$5,101

Mortgage P&I

81%

$2,742

Property Taxes

16%

$536

Home Insurance

6%

$196

HOA

0%

$0

Property Management

15%

$508

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$847

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