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1702 Waynedale Dr, Garrett, IN 46738

3 beds • 2 baths • 1743 sqft

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This property looks like a bad Airbnb investment with a projected -16.42% first-year return on $91,500 initial cash invested.

-16.42%

Cash On Cash

2.16%

Cap Rate

0.35

DSCR

$1,787

Rent

-$1,252

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,787 income − $3,039 expenses = $1,252 out of pocket

Income$1,787Out of Pocket$1,252Mortgage P&I$1,810101%Property Taxes$23513%Insurance$1227%HOA$151%Management$26815%CapEx$714%Maintenance$714%Other$44725%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,787

Total Expenses

$3,039

Mortgage P&I

101%

$1,810

Property Taxes

13%

$235

Home Insurance

7%

$122

HOA

1%

$15

Property Management

15%

$268

CapEx

4%

$71

Vacancy

0%

$0

Maintenance

4%

$71

Other

25%

$447

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