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1316 Ranike Dr, Anderson, IN 46012

3 beds • 2 baths • 1589 sqft

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This property looks like a bad Airbnb investment with a projected -6.26% first-year return on $63,234 initial cash invested.

-6.26%

Cash On Cash

4.91%

Cap Rate

0.78

DSCR

$1,886

Rent

-$330

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,234

Downpayment

20%

$43,080

Closing costs

1%

$2,154

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,886

Total Expenses

$2,216

Mortgage P&I

60%

$1,136

Property Taxes

5%

$98

Home Insurance

4%

$77

HOA

0%

$0

Property Management

15%

$283

CapEx

4%

$75

Vacancy

0%

$0

Maintenance

4%

$75

Other

25%

$472

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