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2228 Avenue B, Council Bluffs, IA 51501

3 beds • 2 baths • 2420 sqft

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This property looks like a bad Airbnb investment with a projected -4.6% first-year return on $53,700 initial cash invested.

-4.6%

Cash On Cash

5.7%

Cap Rate

0.87

DSCR

$2,136

Rent

-$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,136 income − $2,342 expenses = $206 out of pocket

Income$2,136Out of Pocket$206Mortgage P&I$92843%Property Taxes$33015%Insurance$603%Management$32015%CapEx$854%Maintenance$854%Other$53425%

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,700

Downpayment

20%

$34,000

Closing costs

1%

$1,700

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,136

Total Expenses

$2,342

Mortgage P&I

43%

$928

Property Taxes

15%

$330

Home Insurance

3%

$60

HOA

0%

$0

Property Management

15%

$320

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$534

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