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351 E Ramona Ave, Salt Lake City, UT 84115

2 beds • 2 baths • 1650 sqft

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This property looks like a bad Airbnb investment with a projected -18.78% first-year return on $122k initial cash invested.

-18.78%

Cash On Cash

1.9%

Cap Rate

0.31

DSCR

$2,237

Rent

-$1,906

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$523k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$105k

Closing costs

1%

$5,229

Rehab

0%

$0

Furnishing

2%

$12,000

Cashflow

Total Income

$2,237

Total Expenses

$4,143

Mortgage P&I

118%

$2,644

Property Taxes

11%

$239

Home Insurance

8%

$187

HOA

0%

$0

Property Management

15%

$336

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$559

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Furnished 2BR in Salt Lake City

$3,982

$170

2

2

0.17 mi

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2

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$1,639

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2

2

0.35 mi

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$2,500

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4

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1.3 mi

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$1,100

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2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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