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1402 N Grimes St, McPherson, KS 67460

3 beds • 2 baths • 1924 sqft

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This property looks like a bad Airbnb investment with a projected -8.32% first-year return on $79,152 initial cash invested.

-8.32%

Cash On Cash

4.1%

Cap Rate

0.69

DSCR

$2,354

Rent

-$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,152

Downpayment

20%

$58,240

Closing costs

1%

$2,912

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,354

Total Expenses

$2,903

Mortgage P&I

62%

$1,451

Property Taxes

9%

$218

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$353

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$588

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