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2040 E Wilmington Ave, Salt Lake City, UT 84109

3 beds • 2 baths • 2128 sqft

$1,595,000

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This property looks like a bad Airbnb investment with a projected -23.47% first-year return on $353k initial cash invested.

-23.47%

Cash On Cash

1.1%

Cap Rate

0.18

DSCR

$4,135

Rent

-$6,904

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1595k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$353k

Downpayment

20%

$319k

Closing costs

1%

$15,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,135

Total Expenses

$11,039

Mortgage P&I

198%

$8,202

Property Taxes

7%

$295

Home Insurance

13%

$558

HOA

0%

$0

Property Management

15%

$620

CapEx

4%

$165

Vacancy

0%

$0

Maintenance

4%

$165

Other

25%

$1,034

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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2

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4

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1.3 mi

1255 S Forest Knoll St

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2

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0.9 mi

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5

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0.6 mi

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2

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0.9 mi

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$2,850

$285

5

4

0.6 mi

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$1,100

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2

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0.9 mi

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$2,850

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5

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