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1004 N Lee St, Garrett, IN 46738

3 beds • 2 baths • 1924 sqft

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This property looks like a bad Airbnb investment with a projected -8.1% first-year return on $62,667 initial cash invested.

-8.1%

Cash On Cash

4.33%

Cap Rate

0.68

DSCR

$1,702

Rent

-$423

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,702 income − $2,125 expenses = $423 out of pocket

Income$1,702Out of Pocket$423Mortgage P&I$1,12366%Property Taxes$1106%Insurance$754%Management$25515%CapEx$684%Maintenance$684%Other$42625%

Investment Breakdown

|

Purchase Price

$213k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,667

Downpayment

20%

$42,540

Closing costs

1%

$2,127

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,702

Total Expenses

$2,125

Mortgage P&I

66%

$1,123

Property Taxes

6%

$110

Home Insurance

4%

$75

HOA

0%

$0

Property Management

15%

$255

CapEx

4%

$68

Vacancy

0%

$0

Maintenance

4%

$68

Other

25%

$426

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