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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 -14.8% first-year return on $89,778 initial cash invested.

-14.8%

Cash On Cash

2.51%

Cap Rate

0.41

DSCR

$2,272

Rent

-$1,107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,272 income − $3,379 expenses = $1,107 out of pocket

Income$2,272Out of Pocket$1,107Mortgage P&I$1,73276%Property Taxes$43419%Insurance$1225%Management$34115%CapEx$914%Maintenance$914%Other$56825%

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

$2,272

Total Expenses

$3,379

Mortgage P&I

76%

$1,732

Property Taxes

19%

$434

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$341

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$568

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