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2045 N Payne Ave, Wichita, KS 67203

3 beds • 2 baths • 1651 sqft

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This property looks like a bad Airbnb investment with a projected -10.62% first-year return on $63,150 initial cash invested.

-10.62%

Cash On Cash

3.87%

Cap Rate

0.59

DSCR

$1,700

Rent

-$559

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,700 income − $2,259 expenses = $559 out of pocket

Income$1,700Out of Pocket$559Mortgage P&I$1,18470%Property Taxes$18411%Insurance$754%Management$25515%CapEx$684%Maintenance$684%Other$42525%

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,700

Total Expenses

$2,259

Mortgage P&I

70%

$1,184

Property Taxes

11%

$184

Home Insurance

4%

$75

HOA

0%

$0

Property Management

15%

$255

CapEx

4%

$68

Vacancy

0%

$0

Maintenance

4%

$68

Other

25%

$425

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