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1006 24th Ave NW, Austin, MN 55912

3 beds • 2 baths • 1759 sqft

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This property looks like a bad Airbnb investment with a projected -13.84% first-year return on $102k initial cash invested.

-13.84%

Cash On Cash

2.74%

Cap Rate

0.46

DSCR

$2,450

Rent

-$1,176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,450 income − $3,626 expenses = $1,176 out of pocket

Income$2,450Out of Pocket$1,176Mortgage P&I$1,99181%Property Taxes$31913%Insurance$1406%Management$36815%CapEx$984%Maintenance$984%Other$61225%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,450

Total Expenses

$3,626

Mortgage P&I

81%

$1,991

Property Taxes

13%

$319

Home Insurance

6%

$140

HOA

0%

$0

Property Management

15%

$368

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$612

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