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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 -5.59% first-year return on $75,603 initial cash invested.

-5.59%

Cash On Cash

4.77%

Cap Rate

0.81

DSCR

$2,491

Rent

-$352

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,491 income − $2,843 expenses = $352 out of pocket

Income$2,491Out of Pocket$352Mortgage P&I$1,34354%Property Taxes$2058%Insurance$984%Management$37415%CapEx$1004%Maintenance$1004%Other$62325%

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

$2,491

Total Expenses

$2,843

Mortgage P&I

54%

$1,343

Property Taxes

8%

$205

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$374

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$623

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