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1423 Gumwood Dr, Indianapolis, IN 46234

3 beds • 2 baths • 2002 sqft

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This property looks like a bad Airbnb investment with a projected -9.69% first-year return on $72,579 initial cash invested.

-9.69%

Cash On Cash

3.92%

Cap Rate

0.63

DSCR

$2,429

Rent

-$586

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,429 income − $3,015 expenses = $586 out of pocket

Income$2,429Out of Pocket$586Mortgage P&I$1,33955%Property Taxes$42017%Insurance$914%Management$36415%CapEx$974%Maintenance$974%Other$60725%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,429

Total Expenses

$3,015

Mortgage P&I

55%

$1,339

Property Taxes

17%

$420

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$364

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$607

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