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898 Phelps Ave, Canon City, CO 81212

3 beds • 2 baths • 1949 sqft

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This property looks like a bad Airbnb investment with a projected -7.53% first-year return on $90,366 initial cash invested.

-7.53%

Cash On Cash

4.57%

Cap Rate

0.74

DSCR

$2,786

Rent

-$567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,786 income − $3,353 expenses = $567 out of pocket

Income$2,786Out of Pocket$567Mortgage P&I$1,76863%Property Taxes$1686%Insurance$813%Management$41815%CapEx$1114%Maintenance$1114%Other$69625%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,366

Downpayment

20%

$68,920

Closing costs

1%

$3,446

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,786

Total Expenses

$3,353

Mortgage P&I

63%

$1,768

Property Taxes

6%

$168

Home Insurance

3%

$81

HOA

0%

$0

Property Management

15%

$418

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$696

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