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1809 McConnell Ave, Evansville, IN 47714

3 beds • 2 baths • 1164 sqft

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This property looks like a bad Airbnb investment with a projected -2.9% first-year return on $50,550 initial cash invested.

-2.9%

Cash On Cash

6.09%

Cap Rate

0.93

DSCR

$1,626

Rent

-$122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,626 income − $1,748 expenses = $122 out of pocket

Income$1,626Out of Pocket$122Mortgage P&I$84352%Property Taxes$714%Insurance$543%Management$24415%CapEx$654%Maintenance$654%Other$40625%

Investment Breakdown

|

Purchase Price

$155k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,550

Downpayment

20%

$31,000

Closing costs

1%

$1,550

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,626

Total Expenses

$1,748

Mortgage P&I

52%

$843

Property Taxes

4%

$71

Home Insurance

3%

$54

HOA

0%

$0

Property Management

15%

$244

CapEx

4%

$65

Vacancy

0%

$0

Maintenance

4%

$65

Other

25%

$406

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