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1026 Auburn Ave, Cleveland, OH 44113

2 beds • 1 baths • 900 sqft

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This property looks like a bad Airbnb investment with a projected -6.66% first-year return on $69,750 initial cash invested.

-6.66%

Cash On Cash

4.46%

Cap Rate

0.78

DSCR

$2,494

Rent

-$387

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

5.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

4%

$12,000

Cashflow

Total Income

$2,494

Total Expenses

$2,881

Mortgage P&I

52%

$1,309

Property Taxes

11%

$278

Home Insurance

4%

$96

HOA

0%

$0

Property Management

15%

$374

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$624

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Comparable Property

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ADR

Beds

Baths

Distance

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2

1

0.04 mi

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0.1 mi

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2

1

0.1 mi

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$1,791

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2

1

0.12 mi

104 W Rancho Del Cerro

$2,500

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4

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1.3 mi

1255 S Forest Knoll St

$1,100

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2

1

0.9 mi

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$2,850

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5

4

0.6 mi

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$1,100

$110

2

1

0.9 mi

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$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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