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1031 N 350 E, Chesterton, IN 46304

3 beds • 2 baths • 2100 sqft

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This property looks like a bad Airbnb investment with a projected -14.23% first-year return on $111k initial cash invested.

-14.23%

Cash On Cash

2.79%

Cap Rate

0.46

DSCR

$2,503

Rent

-$1,317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,503 income − $3,820 expenses = $1,317 out of pocket

Income$2,503Out of Pocket$1,317Mortgage P&I$2,24990%Property Taxes$2098%Insurance$1616%Management$37515%CapEx$1004%Maintenance$1004%Other$62625%

Investment Breakdown

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Purchase Price

$443k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,620

Closing costs

1%

$4,431

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,503

Total Expenses

$3,820

Mortgage P&I

90%

$2,249

Property Taxes

8%

$209

Home Insurance

6%

$161

HOA

0%

$0

Property Management

15%

$375

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$626

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