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6509 Durand AVENUE, Racine, WI 53406

3 beds • 2 baths • 1512 sqft

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This property looks like a bad Airbnb investment with a projected -9.82% first-year return on $80,811 initial cash invested.

-9.82%

Cash On Cash

3.84%

Cap Rate

0.63

DSCR

$2,668

Rent

-$661

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,668 income − $3,329 expenses = $661 out of pocket

Income$2,668Out of Pocket$661Mortgage P&I$1,51057%Property Taxes$43316%Insurance$1054%Management$40015%CapEx$1074%Maintenance$1074%Other$66725%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,811

Downpayment

20%

$59,820

Closing costs

1%

$2,991

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,668

Total Expenses

$3,329

Mortgage P&I

57%

$1,510

Property Taxes

16%

$433

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$400

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$667

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