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1705 Crestview Drive, New Albany, IN 47150

3 beds • 2 baths • 2284 sqft

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This property looks like a bad Airbnb investment with a projected -14.94% first-year return on $111k initial cash invested.

-14.94%

Cash On Cash

2.43%

Cap Rate

0.41

DSCR

$2,249

Rent

-$1,376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,249 income − $3,625 expenses = $1,376 out of pocket

Income$2,249Out of Pocket$1,376Mortgage P&I$2,17797%Property Taxes$2089%Insurance$1617%Management$33715%CapEx$904%Maintenance$904%Other$56225%

Investment Breakdown

|

Purchase Price

$441k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,140

Closing costs

1%

$4,407

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,249

Total Expenses

$3,625

Mortgage P&I

97%

$2,177

Property Taxes

9%

$208

Home Insurance

7%

$161

HOA

0%

$0

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$562

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