1829 Culbertson Avenue, New Albany, IN 47150
3 beds • 2 baths • 1786 sqft • 2 units
$211,100
View on ZillowThis property could be a profitable Airbnb investment with a projected 17.48% first-year return on $62,331 initial cash invested.
17.48%
Cash On Cash
12.7%
Cap Rate
1.96
DSCR
$4,654
Rent
$908
Cashflow
Cash Flow
$4,654 income − $3,746 expenses = $908 cash flow
Investment Breakdown
|
Purchase Price
$211k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,331
Downpayment
20%
$42,220
Closing costs
1%
$2,111
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$4,654
Total Expenses
$3,746
Mortgage P&I
25%
$1,140
Property Taxes
6%
$295
Home Insurance
2%
$77
HOA
0%
$0
Property Management
15%
$698
CapEx
4%
$186
Vacancy
0%
$0
Maintenance
4%
$186
Other
25%
$1,164