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4705 E Merced St, Des Moines, IA 50317

3 beds • 3 baths • 1468 sqft

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This property looks like a bad Airbnb investment with a projected -6.94% first-year return on $84,066 initial cash invested.

-6.94%

Cash On Cash

4.73%

Cap Rate

0.78

DSCR

$3,274

Rent

-$486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,274 income − $3,760 expenses = $486 out of pocket

Income$3,274Out of Pocket$486Mortgage P&I$1,59449%Property Taxes$47014%Insurance$1123%HOA$13Management$49115%CapEx$1314%Maintenance$1314%Other$81825%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,066

Downpayment

20%

$62,920

Closing costs

1%

$3,146

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,274

Total Expenses

$3,760

Mortgage P&I

49%

$1,594

Property Taxes

14%

$470

Home Insurance

3%

$112

HOA

0%

$13

Property Management

15%

$491

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$818

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