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1703 McKibben St, Wabash, IN 46992

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Airbnb investment with a projected -16.87% first-year return on $115k initial cash invested.

-16.87%

Cash On Cash

2%

Cap Rate

0.33

DSCR

$2,017

Rent

-$1,611

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,017 income − $3,628 expenses = $1,611 out of pocket

Income$2,017Out of Pocket$1,611Mortgage P&I$2,296114%Property Taxes$20210%Insurance$1618%Management$30315%CapEx$814%Maintenance$814%Other$50425%

Investment Breakdown

|

Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,000

Closing costs

1%

$4,600

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,017

Total Expenses

$3,628

Mortgage P&I

114%

$2,296

Property Taxes

10%

$202

Home Insurance

8%

$161

HOA

0%

$0

Property Management

15%

$303

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$504

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