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2940 Lake Vista COURT, Racine, WI 53402

3 beds • 2 baths • 1872 sqft

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This property looks like a bad Airbnb investment with a projected -6.44% first-year return on $91,647 initial cash invested.

-6.44%

Cash On Cash

5.56%

Cap Rate

0.83

DSCR

$3,807

Rent

-$492

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,807 income − $4,299 expenses = $492 out of pocket

Income$3,807Out of Pocket$492Mortgage P&I$1,96652%Property Taxes$37610%Insurance$1223%HOA$8Management$57115%CapEx$1524%Maintenance$1524%Other$95225%

Investment Breakdown

|

Purchase Price

$351k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,647

Downpayment

20%

$70,140

Closing costs

1%

$3,507

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,807

Total Expenses

$4,299

Mortgage P&I

52%

$1,966

Property Taxes

10%

$376

Home Insurance

3%

$122

HOA

0%

$8

Property Management

15%

$571

CapEx

4%

$152

Vacancy

0%

$0

Maintenance

4%

$152

Other

25%

$952

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