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4215 Pennington LANE, Racine, WI 53403

3 beds • 3 baths • 3604 sqft

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This property looks like a bad Airbnb investment with a projected -17.41% first-year return on $124k initial cash invested.

-17.41%

Cash On Cash

2.08%

Cap Rate

0.34

DSCR

$2,845

Rent

-$1,796

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,845 income − $4,641 expenses = $1,796 out of pocket

Income$2,845Out of Pocket$1,796Mortgage P&I$2,55490%Property Taxes$54019%Insurance$1816%Management$42715%CapEx$1144%Maintenance$1144%Other$71125%

Investment Breakdown

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Purchase Price

$504k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,039

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,845

Total Expenses

$4,641

Mortgage P&I

90%

$2,554

Property Taxes

19%

$540

Home Insurance

6%

$181

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$711

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