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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 -15.45% first-year return on $91,500 initial cash invested.

-15.45%

Cash On Cash

2.43%

Cap Rate

0.39

DSCR

$1,930

Rent

-$1,178

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,930 income − $3,108 expenses = $1,178 out of pocket

Income$1,930Out of Pocket$1,178Mortgage P&I$1,81094%Property Taxes$23512%Insurance$1226%HOA$151%Management$29015%CapEx$774%Maintenance$774%Other$48225%

Investment Breakdown

|

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

$1,930

Total Expenses

$3,108

Mortgage P&I

94%

$1,810

Property Taxes

12%

$235

Home Insurance

6%

$122

HOA

1%

$15

Property Management

15%

$290

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$482

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