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7270 NW 23rd St, Ankeny, IA 50023

3 beds • 4 baths • 2563 sqft

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This property looks like a bad Airbnb investment with a projected -23.9% first-year return on $206k initial cash invested.

-23.9%

Cash On Cash

1.03%

Cap Rate

0.16

DSCR

$3,624

Rent

-$4,101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,624 income − $7,725 expenses = $4,101 out of pocket

Income$3,624Out of Pocket$4,101Mortgage P&I$4,724130%Property Taxes$94826%Insurance$3139%Management$54415%CapEx$1454%Maintenance$1454%Other$90625%

Investment Breakdown

|

Purchase Price

$895k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$206k

Downpayment

20%

$179k

Closing costs

1%

$8,950

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,624

Total Expenses

$7,725

Mortgage P&I

130%

$4,724

Property Taxes

26%

$948

Home Insurance

9%

$313

HOA

0%

$0

Property Management

15%

$544

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$906

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