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1018 Creston Ave, Des Moines, IA 50315

3 beds • 2 baths • 956 sqft

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This property looks like a bad Airbnb investment with a projected -6.29% first-year return on $64,305 initial cash invested.

-6.29%

Cash On Cash

5.43%

Cap Rate

0.81

DSCR

$2,526

Rent

-$337

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,526 income − $2,863 expenses = $337 out of pocket

Income$2,526Out of Pocket$337Mortgage P&I$1,23349%Property Taxes$33813%Insurance$793%Management$37915%CapEx$1014%Maintenance$1014%Other$63225%

Investment Breakdown

|

Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,305

Downpayment

20%

$44,100

Closing costs

1%

$2,205

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,526

Total Expenses

$2,863

Mortgage P&I

49%

$1,233

Property Taxes

13%

$338

Home Insurance

3%

$79

HOA

0%

$0

Property Management

15%

$379

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$632

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