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1700 Oak Grove Dr, New Albany, IN 47150

3 beds • 4 baths • 3633 sqft

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This property looks like a bad Airbnb investment with a projected -19.29% first-year return on $117k initial cash invested.

-19.29%

Cash On Cash

1.58%

Cap Rate

0.26

DSCR

$1,852

Rent

-$1,885

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,852 income − $3,737 expenses = $1,885 out of pocket

Income$1,852Out of Pocket$1,885Mortgage P&I$2,435131%Property Taxes$22412%Insurance$1729%HOA$171%Management$27815%CapEx$744%Maintenance$744%Other$46325%

Investment Breakdown

|

Purchase Price

$473k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,520

Closing costs

1%

$4,726

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,852

Total Expenses

$3,737

Mortgage P&I

131%

$2,435

Property Taxes

12%

$224

Home Insurance

9%

$172

HOA

1%

$17

Property Management

15%

$278

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$463

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