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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 -22.79% first-year return on $169k initial cash invested.

-22.79%

Cash On Cash

1.03%

Cap Rate

0.17

DSCR

$2,326

Rent

-$3,211

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,326 income − $5,537 expenses = $3,211 out of pocket

Income$2,326Out of Pocket$3,211Mortgage P&I$3,736161%Property Taxes$42218%Insurance$26211%Management$34915%CapEx$934%Maintenance$934%Other$58225%

Investment Breakdown

|

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

$2,326

Total Expenses

$5,537

Mortgage P&I

161%

$3,736

Property Taxes

18%

$422

Home Insurance

11%

$262

HOA

0%

$0

Property Management

15%

$349

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$582

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