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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 -5.45% first-year return on $67,812 initial cash invested.

-5.45%

Cash On Cash

5.6%

Cap Rate

0.84

DSCR

$2,612

Rent

-$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,612 income − $2,920 expenses = $308 out of pocket

Income$2,612Out of Pocket$308Mortgage P&I$1,31150%Property Taxes$27210%Insurance$843%Management$39215%CapEx$1044%Maintenance$1044%Other$65325%

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

$2,612

Total Expenses

$2,920

Mortgage P&I

50%

$1,311

Property Taxes

10%

$272

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$392

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$653

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