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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 -6.44% first-year return on $104k initial cash invested.

-6.44%

Cash On Cash

4.72%

Cap Rate

0.79

DSCR

$3,424

Rent

-$560

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,424 income − $3,984 expenses = $560 out of pocket

Income$3,424Out of Pocket$560Mortgage P&I$2,04360%Property Taxes$1484%Insurance$1494%Management$51415%CapEx$1374%Maintenance$1374%Other$85625%

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

$3,424

Total Expenses

$3,984

Mortgage P&I

60%

$2,043

Property Taxes

4%

$148

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$514

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$856

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