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3110 56th St, Des Moines, IA 50310

3 beds • 2 baths • 660 sqft

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This property looks like a bad Airbnb investment with a projected -4.79% first-year return on $63,339 initial cash invested.

-4.79%

Cash On Cash

5.57%

Cap Rate

0.86

DSCR

$2,291

Rent

-$253

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,339

Downpayment

20%

$43,180

Closing costs

1%

$2,159

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,291

Total Expenses

$2,544

Mortgage P&I

51%

$1,164

Property Taxes

9%

$202

Home Insurance

3%

$77

HOA

0%

$0

Property Management

15%

$344

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$573

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