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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 -18.05% first-year return on $140k initial cash invested.

-18.05%

Cash On Cash

1.81%

Cap Rate

0.3

DSCR

$2,642

Rent

-$2,099

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,642 income − $4,741 expenses = $2,099 out of pocket

Income$2,642Out of Pocket$2,099Mortgage P&I$2,866108%Property Taxes$39515%Insurance$2108%HOA$2Management$39615%CapEx$1064%Maintenance$1064%Other$66025%

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

$2,642

Total Expenses

$4,741

Mortgage P&I

108%

$2,866

Property Taxes

15%

$395

Home Insurance

8%

$210

HOA

0%

$2

Property Management

15%

$396

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$660

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