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1927 Altgeld St, South Bend, IN 46614

3 beds • 2 baths • 2304 sqft

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This property looks like a bad Airbnb investment with a projected -0.5% first-year return on $60,000 initial cash invested.

-0.5%

Cash On Cash

6.89%

Cap Rate

1.07

DSCR

$2,549

Rent

-$25

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,549 income − $2,574 expenses = $25 out of pocket

Income$2,549Out of Pocket$25Mortgage P&I$1,07142%Property Taxes$2058%Insurance$753%Management$38215%CapEx$1024%Maintenance$1024%Other$63725%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,549

Total Expenses

$2,574

Mortgage P&I

42%

$1,071

Property Taxes

8%

$205

Home Insurance

3%

$75

HOA

0%

$0

Property Management

15%

$382

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$637

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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3

2

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3

2

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3

2

0.2 mi

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3

2

0.2 mi

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4

2

1.3 mi

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2

1

0.9 mi

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$2,850

$285

5

4

0.6 mi

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$1,100

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2

1

0.9 mi

2022 S American St

$2,850

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5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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