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960 15th St, Newport News, VA 23607

3 beds • 2 baths • 1275 sqft

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This property looks like a bad Airbnb investment with a projected -7.03% first-year return on $66,090 initial cash invested.

-7.03%

Cash On Cash

4.72%

Cap Rate

0.75

DSCR

$2,105

Rent

-$387

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,105 income − $2,492 expenses = $387 out of pocket

Income$2,105Out of Pocket$387Mortgage P&I$1,20357%Property Taxes$1999%Insurance$804%Management$31615%CapEx$844%Maintenance$844%Other$52625%

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,105

Total Expenses

$2,492

Mortgage P&I

57%

$1,203

Property Taxes

9%

$199

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$316

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$526

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