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12045 Covered Wagon Ct, Granger, IN 46530

3 beds • 4 baths • 3456 sqft

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This property looks like a bad Airbnb investment with a projected -17.2% first-year return on $140k initial cash invested.

-17.2%

Cash On Cash

2.03%

Cap Rate

0.34

DSCR

$2,832

Rent

-$2,000

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,832 income − $4,832 expenses = $2,000 out of pocket

Income$2,832Out of Pocket$2,000Mortgage P&I$2,866101%Property Taxes$39514%Insurance$2107%HOA$2Management$42515%CapEx$1134%Maintenance$1134%Other$70825%

Investment Breakdown

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Purchase Price

$579k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,787

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,832

Total Expenses

$4,832

Mortgage P&I

101%

$2,866

Property Taxes

14%

$395

Home Insurance

7%

$210

HOA

0%

$2

Property Management

15%

$425

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$708

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