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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 -9.2% first-year return on $79,152 initial cash invested.

-9.2%

Cash On Cash

3.85%

Cap Rate

0.64

DSCR

$2,246

Rent

-$607

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,246 income − $2,853 expenses = $607 out of pocket

Income$2,246Out of Pocket$607Mortgage P&I$1,45165%Property Taxes$21810%Insurance$1055%Management$33715%CapEx$904%Maintenance$904%Other$56225%

Investment Breakdown

|

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

$2,246

Total Expenses

$2,853

Mortgage P&I

65%

$1,451

Property Taxes

10%

$218

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$562

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