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3231 Terrace Dr, Des Moines, IA 50312

3 beds • 3 baths • 1858 sqft

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This property looks like a bad Airbnb investment with a projected -22.53% first-year return on $134k initial cash invested.

-22.53%

Cash On Cash

1.13%

Cap Rate

0.18

DSCR

$2,667

Rent

-$2,516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,667 income − $5,183 expenses = $2,516 out of pocket

Income$2,667Out of Pocket$2,516Mortgage P&I$2,930110%Property Taxes$77129%Insurance$2018%Management$40015%CapEx$1074%Maintenance$1074%Other$66725%

Investment Breakdown

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Purchase Price

$552k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,523

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,667

Total Expenses

$5,183

Mortgage P&I

110%

$2,930

Property Taxes

29%

$771

Home Insurance

8%

$201

HOA

0%

$0

Property Management

15%

$400

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$667

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