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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 -13.99% first-year return on $73,251 initial cash invested.

-13.99%

Cash On Cash

2.38%

Cap Rate

0.4

DSCR

$1,478

Rent

-$854

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,478 income − $2,332 expenses = $854 out of pocket

Income$1,478Out of Pocket$854Mortgage P&I$1,31689%Property Taxes$21014%Insurance$966%Management$22215%CapEx$594%Maintenance$594%Other$37025%

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

$1,478

Total Expenses

$2,332

Mortgage P&I

89%

$1,316

Property Taxes

14%

$210

Home Insurance

7%

$96

HOA

0%

$0

Property Management

15%

$222

CapEx

4%

$59

Vacancy

0%

$0

Maintenance

4%

$59

Other

25%

$370

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