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18921 Waite Blvd, South Bend, IN 46637

3 beds • 2 baths • 1928 sqft

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This property looks like a bad Airbnb investment with a projected -0.43% first-year return on $81,000 initial cash invested.

-0.43%

Cash On Cash

6.42%

Cap Rate

1.07

DSCR

$3,325

Rent

-$29

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,325 income − $3,354 expenses = $29 out of pocket

Income$3,325Out of Pocket$29Mortgage P&I$1,50045%Property Taxes$1535%Insurance$1053%Management$49915%CapEx$1334%Maintenance$1334%Other$83125%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,325

Total Expenses

$3,354

Mortgage P&I

45%

$1,500

Property Taxes

5%

$153

Home Insurance

3%

$105

HOA

0%

$0

Property Management

15%

$499

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$831

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