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222 E Broad St, Des Moines, IA 50315

3 beds • 2 baths • 786 sqft

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This property looks like a bad Airbnb investment with a projected -9.38% first-year return on $69,954 initial cash invested.

-9.38%

Cash On Cash

4.08%

Cap Rate

0.65

DSCR

$2,193

Rent

-$547

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,954

Downpayment

20%

$49,480

Closing costs

1%

$2,474

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,193

Total Expenses

$2,740

Mortgage P&I

59%

$1,300

Property Taxes

14%

$299

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$329

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$548

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