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1047 State St, Hobart, IN 46342

3 beds • 2 baths • 1806 sqft

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This property looks like a bad Airbnb investment with a projected -6.36% first-year return on $75,603 initial cash invested.

-6.36%

Cash On Cash

4.54%

Cap Rate

0.77

DSCR

$2,395

Rent

-$401

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,395 income − $2,796 expenses = $401 out of pocket

Income$2,395Out of Pocket$401Mortgage P&I$1,34356%Property Taxes$2059%Insurance$984%Management$35915%CapEx$964%Maintenance$964%Other$59925%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,603

Downpayment

20%

$54,860

Closing costs

1%

$2,743

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,395

Total Expenses

$2,796

Mortgage P&I

56%

$1,343

Property Taxes

9%

$205

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$359

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$599

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