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1228 E Washington Ave, Council Bluffs, IA 51503

3 beds • 2 baths • 1646 sqft

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This property looks like a bad Airbnb investment with a projected -10.26% first-year return on $71,319 initial cash invested.

-10.26%

Cash On Cash

3.56%

Cap Rate

0.58

DSCR

$1,871

Rent

-$610

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,871 income − $2,481 expenses = $610 out of pocket

Income$1,871Out of Pocket$610Mortgage P&I$1,28969%Property Taxes$20211%Insurance$915%Management$28115%CapEx$754%Maintenance$754%Other$46825%

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,319

Downpayment

20%

$50,780

Closing costs

1%

$2,539

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,871

Total Expenses

$2,481

Mortgage P&I

69%

$1,289

Property Taxes

11%

$202

Home Insurance

5%

$91

HOA

0%

$0

Property Management

15%

$281

CapEx

4%

$75

Vacancy

0%

$0

Maintenance

4%

$75

Other

25%

$468

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