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615 E 5th Ave, Mitchell, SD 57301

3 beds • 3 baths • 1872 sqft

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This property looks like a bad Airbnb investment with a projected -13.09% first-year return on $73,251 initial cash invested.

-13.09%

Cash On Cash

2.65%

Cap Rate

0.44

DSCR

$1,581

Rent

-$799

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,581 income − $2,380 expenses = $799 out of pocket

Income$1,581Out of Pocket$799Mortgage P&I$1,31683%Property Taxes$21013%Insurance$966%Management$23715%CapEx$634%Maintenance$634%Other$39525%

Investment Breakdown

|

Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,251

Downpayment

20%

$52,620

Closing costs

1%

$2,631

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,581

Total Expenses

$2,380

Mortgage P&I

83%

$1,316

Property Taxes

13%

$210

Home Insurance

6%

$96

HOA

0%

$0

Property Management

15%

$237

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$395

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