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2617 Coolidge AVENUE, Racine, WI 53403

3 beds • 2 baths • 400 sqft

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This property looks like a bad Airbnb investment with a projected -2.66% first-year return on $66,195 initial cash invested.

-2.66%

Cash On Cash

6.32%

Cap Rate

0.97

DSCR

$2,869

Rent

-$147

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,869 income − $3,016 expenses = $147 out of pocket

Income$2,869Out of Pocket$147Mortgage P&I$1,24143%Property Taxes$31811%Insurance$803%Management$43015%CapEx$1154%Maintenance$1154%Other$71725%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,195

Downpayment

20%

$45,900

Closing costs

1%

$2,295

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,869

Total Expenses

$3,016

Mortgage P&I

43%

$1,241

Property Taxes

11%

$318

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$430

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$717

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