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5700 Island Ct, Mitchell, SD 57301

3 beds • 3 baths • 2209 sqft

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This property looks like a bad Airbnb investment with a projected -23.91% first-year return on $150k initial cash invested.

-23.91%

Cash On Cash

0.48%

Cap Rate

0.08

DSCR

$1,708

Rent

-$2,990

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,708 income − $4,698 expenses = $2,990 out of pocket

Income$1,708Out of Pocket$2,990Mortgage P&I$3,175186%Property Taxes$48428%Insurance$22013%Management$25615%CapEx$684%Maintenance$684%Other$42725%

Investment Breakdown

|

Purchase Price

$629k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$126k

Closing costs

1%

$6,290

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,708

Total Expenses

$4,698

Mortgage P&I

186%

$3,175

Property Taxes

28%

$484

Home Insurance

13%

$220

HOA

0%

$0

Property Management

15%

$256

CapEx

4%

$68

Vacancy

0%

$0

Maintenance

4%

$68

Other

25%

$427

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