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3630 & 3678 E 68th St S, Newton, IA 50208

3 beds • 3 baths • 2884 sqft

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This property looks like a bad Airbnb investment with a projected -22.79% first-year return on $175k initial cash invested.

-22.79%

Cash On Cash

1.03%

Cap Rate

0.17

DSCR

$2,393

Rent

-$3,329

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,393 income − $5,722 expenses = $3,329 out of pocket

Income$2,393Out of Pocket$3,329Mortgage P&I$3,877162%Property Taxes$43418%Insurance$26211%Management$35915%CapEx$964%Maintenance$964%Other$59825%

Investment Breakdown

|

Purchase Price

$749k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$175k

Downpayment

20%

$150k

Closing costs

1%

$7,490

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,393

Total Expenses

$5,722

Mortgage P&I

162%

$3,877

Property Taxes

18%

$434

Home Insurance

11%

$262

HOA

0%

$0

Property Management

15%

$359

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$598

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