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2953 9th Ave SE, Willmar, MN 56201

3 beds • 2 baths • 2104 sqft

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This property looks like a bad Airbnb investment with a projected -18.42% first-year return on $88,980 initial cash invested.

-18.42%

Cash On Cash

1.35%

Cap Rate

0.23

DSCR

$1,583

Rent

-$1,366

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,583 income − $2,949 expenses = $1,366 out of pocket

Income$1,583Out of Pocket$1,366Mortgage P&I$1,683106%Property Taxes$25316%Insurance$1208%HOA$1348%Management$23715%CapEx$634%Maintenance$634%Other$39625%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,980

Downpayment

20%

$67,600

Closing costs

1%

$3,380

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,583

Total Expenses

$2,949

Mortgage P&I

106%

$1,683

Property Taxes

16%

$253

Home Insurance

8%

$120

HOA

8%

$134

Property Management

15%

$237

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$396

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