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624 McKinley Ave, Des Moines, IA 50315

3 beds • 2 baths • 1426 sqft

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This property looks like a bad Airbnb investment with a projected -5.77% first-year return on $67,812 initial cash invested.

-5.77%

Cash On Cash

5.5%

Cap Rate

0.83

DSCR

$2,578

Rent

-$326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,578 income − $2,904 expenses = $326 out of pocket

Income$2,578Out of Pocket$326Mortgage P&I$1,31151%Property Taxes$27211%Insurance$843%Management$38715%CapEx$1034%Maintenance$1034%Other$64425%

Investment Breakdown

|

Purchase Price

$237k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,812

Downpayment

20%

$47,440

Closing costs

1%

$2,372

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,578

Total Expenses

$2,904

Mortgage P&I

51%

$1,311

Property Taxes

11%

$272

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$644

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