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2406 Friendship St, Iowa City, IA 52245

3 beds • 2 baths • 1559 sqft

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This property looks like a bad Airbnb investment with a projected -11.36% first-year return on $79,950 initial cash invested.

-11.36%

Cash On Cash

3.28%

Cap Rate

0.55

DSCR

$2,192

Rent

-$757

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,192 income − $2,949 expenses = $757 out of pocket

Income$2,192Out of Pocket$757Mortgage P&I$1,47567%Property Taxes$31815%Insurance$1035%Management$32915%CapEx$884%Maintenance$884%Other$54825%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,192

Total Expenses

$2,949

Mortgage P&I

67%

$1,475

Property Taxes

15%

$318

Home Insurance

5%

$103

HOA

0%

$0

Property Management

15%

$329

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$548

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