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2703 NW 31st St, Ankeny, IA 50023

3 beds • 3 baths • 1169 sqft

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This property looks like a bad Airbnb investment with a projected -12.59% first-year return on $82,134 initial cash invested.

-12.59%

Cash On Cash

3.25%

Cap Rate

0.52

DSCR

$2,722

Rent

-$862

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,722 income − $3,584 expenses = $862 out of pocket

Income$2,722Out of Pocket$862Mortgage P&I$1,58158%Property Taxes$42916%Insurance$1084%HOA$1606%Management$40815%CapEx$1094%Maintenance$1094%Other$68025%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,134

Downpayment

20%

$61,080

Closing costs

1%

$3,054

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,722

Total Expenses

$3,584

Mortgage P&I

58%

$1,581

Property Taxes

16%

$429

Home Insurance

4%

$108

HOA

6%

$160

Property Management

15%

$408

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$680

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