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620 28th St SE, Altoona, IA 50009

3 beds • 2 baths • 1346 sqft

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This property looks like a bad Airbnb investment with a projected -10.48% first-year return on $90,135 initial cash invested.

-10.48%

Cash On Cash

3.71%

Cap Rate

0.61

DSCR

$2,930

Rent

-$787

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,930 income − $3,717 expenses = $787 out of pocket

Income$2,930Out of Pocket$787Mortgage P&I$1,73159%Property Taxes$45816%Insurance$1224%Management$44015%CapEx$1174%Maintenance$1174%Other$73225%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,135

Downpayment

20%

$68,700

Closing costs

1%

$3,435

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,930

Total Expenses

$3,717

Mortgage P&I

59%

$1,731

Property Taxes

16%

$458

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$440

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$732

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