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153 E Melchoir Dr S, Santa Claus, IN 47579

3 beds • 2 baths • 2024 sqft

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This property looks like a bad Airbnb investment with a projected -14.81% first-year return on $112k initial cash invested.

-14.81%

Cash On Cash

2.39%

Cap Rate

0.41

DSCR

$2,348

Rent

-$1,388

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,348 income − $3,736 expenses = $1,388 out of pocket

Income$2,348Out of Pocket$1,388Mortgage P&I$2,19193%Property Taxes$2179%Insurance$1587%HOA$432%Management$35215%CapEx$944%Maintenance$944%Other$58725%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,348

Total Expenses

$3,736

Mortgage P&I

93%

$2,191

Property Taxes

9%

$217

Home Insurance

7%

$158

HOA

2%

$43

Property Management

15%

$352

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$587

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