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23939 McPherson Ave, Council Bluffs, IA 51503

3 beds • 3 baths • 1959 sqft

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This property looks like a bad Airbnb investment with a projected -23.19% first-year return on $169k initial cash invested.

-23.19%

Cash On Cash

0.93%

Cap Rate

0.15

DSCR

$2,219

Rent

-$3,267

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,219 income − $5,486 expenses = $3,267 out of pocket

Income$2,219Out of Pocket$3,267Mortgage P&I$3,736168%Property Taxes$42219%Insurance$26212%Management$33315%CapEx$894%Maintenance$894%Other$55525%

Investment Breakdown

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Purchase Price

$719k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$169k

Downpayment

20%

$144k

Closing costs

1%

$7,193

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,219

Total Expenses

$5,486

Mortgage P&I

168%

$3,736

Property Taxes

19%

$422

Home Insurance

12%

$262

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$555

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