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1204 Ridgewood Dr, Garden City, KS 67846

3 beds • 2 baths • 1382 sqft

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This property looks like a bad Airbnb investment with a projected -4.65% first-year return on $65,859 initial cash invested.

-4.65%

Cash On Cash

5.59%

Cap Rate

0.88

DSCR

$2,704

Rent

-$255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,704 income − $2,959 expenses = $255 out of pocket

Income$2,704Out of Pocket$255Mortgage P&I$1,20845%Property Taxes$37114%Insurance$823%Management$40615%CapEx$1084%Maintenance$1084%Other$67625%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,859

Downpayment

20%

$45,580

Closing costs

1%

$2,279

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,704

Total Expenses

$2,959

Mortgage P&I

45%

$1,208

Property Taxes

14%

$371

Home Insurance

3%

$82

HOA

0%

$0

Property Management

15%

$406

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$676

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