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966 Cherry Ave, Dickinson, ND 58601

3 beds • 2 baths • 2040 sqft

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This property looks like a bad Airbnb investment with a projected -8.41% first-year return on $89,274 initial cash invested.

-8.41%

Cash On Cash

4.26%

Cap Rate

0.7

DSCR

$2,859

Rent

-$626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,859 income − $3,485 expenses = $626 out of pocket

Income$2,859Out of Pocket$626Mortgage P&I$1,71860%Property Taxes$27310%Insurance$1224%Management$42915%CapEx$1144%Maintenance$1144%Other$71525%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,274

Downpayment

20%

$67,880

Closing costs

1%

$3,394

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,859

Total Expenses

$3,485

Mortgage P&I

60%

$1,718

Property Taxes

10%

$273

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$429

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$715

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