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2020 Lewis Ave, Billings, MT 59102

3 beds • 2 baths • 2204 sqft

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This property looks like a bad Airbnb investment with a projected -11.51% first-year return on $97,275 initial cash invested.

-11.51%

Cash On Cash

3.41%

Cap Rate

0.56

DSCR

$2,473

Rent

-$933

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,473 income − $3,406 expenses = $933 out of pocket

Income$2,473Out of Pocket$933Mortgage P&I$1,90777%Property Taxes$1837%Insurance$1295%Management$37115%CapEx$994%Maintenance$994%Other$61825%

Investment Breakdown

|

Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,275

Downpayment

20%

$75,500

Closing costs

1%

$3,775

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,473

Total Expenses

$3,406

Mortgage P&I

77%

$1,907

Property Taxes

7%

$183

Home Insurance

5%

$129

HOA

0%

$0

Property Management

15%

$371

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$618

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