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1001 9th Avenue Pl SE, Altoona, IA 50009

3 beds • 3 baths • 1531 sqft

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This property looks like a bad Airbnb investment with a projected -4.61% first-year return on $89,778 initial cash invested.

-4.61%

Cash On Cash

5.4%

Cap Rate

0.89

DSCR

$3,738

Rent

-$345

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,738 income − $4,083 expenses = $345 out of pocket

Income$3,738Out of Pocket$345Mortgage P&I$1,73246%Property Taxes$43412%Insurance$1223%Management$56115%CapEx$1504%Maintenance$1504%Other$93425%

Investment Breakdown

|

Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,778

Downpayment

20%

$68,360

Closing costs

1%

$3,418

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,738

Total Expenses

$4,083

Mortgage P&I

46%

$1,732

Property Taxes

12%

$434

Home Insurance

3%

$122

HOA

0%

$0

Property Management

15%

$561

CapEx

4%

$150

Vacancy

0%

$0

Maintenance

4%

$150

Other

25%

$934

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