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1302 Franklin STREET, Racine, WI 53403

3 beds • 3 baths • 1456 sqft

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This property looks like a bad Airbnb investment with a projected -3.99% first-year return on $83,100 initial cash invested.

-3.99%

Cash On Cash

5.71%

Cap Rate

0.92

DSCR

$3,542

Rent

-$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,542 income − $3,818 expenses = $276 out of pocket

Income$3,542Out of Pocket$276Mortgage P&I$1,61045%Property Taxes$39711%Insurance$1103%Management$53115%CapEx$1424%Maintenance$1424%Other$88625%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,542

Total Expenses

$3,818

Mortgage P&I

45%

$1,610

Property Taxes

11%

$397

Home Insurance

3%

$110

HOA

0%

$0

Property Management

15%

$531

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$886

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