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1302 Franklin STREET, Racine, WI 53403

3 beds • 3 baths • 1456 sqft

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This property might be a fair Airbnb investment with a projected 2.38% first-year return on $83,100 initial cash invested.

2.38%

Cash On Cash

7.55%

Cap Rate

1.21

DSCR

$4,391

Rent

$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,391 income − $4,226 expenses = $165 cash flow

Income$4,391Mortgage P&I$1,61037%Property Taxes$3979%Insurance$1103%Management$65915%CapEx$1764%Maintenance$1764%Other$1,09825%Cash Flow$165

Investment Breakdown

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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

$4,391

Total Expenses

$4,226

Mortgage P&I

37%

$1,610

Property Taxes

9%

$397

Home Insurance

3%

$110

HOA

0%

$0

Property Management

15%

$659

CapEx

4%

$176

Vacancy

0%

$0

Maintenance

4%

$176

Other

25%

$1,098

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