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1549 Grand Ave, Canon City, CO 81212

3 beds • 2 baths • 1843 sqft

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This property looks like a bad Airbnb investment with a projected -8.07% first-year return on $104k initial cash invested.

-8.07%

Cash On Cash

4.28%

Cap Rate

0.72

DSCR

$3,151

Rent

-$702

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,151 income − $3,853 expenses = $702 out of pocket

Income$3,151Out of Pocket$702Mortgage P&I$2,04365%Property Taxes$1485%Insurance$1495%Management$47315%CapEx$1264%Maintenance$1264%Other$78825%

Investment Breakdown

|

Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,300

Closing costs

1%

$4,115

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,151

Total Expenses

$3,853

Mortgage P&I

65%

$2,043

Property Taxes

5%

$148

Home Insurance

5%

$149

HOA

0%

$0

Property Management

15%

$473

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$788

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