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2100 E 9th Pl, Hobart, IN 46342

3 beds • 2 baths • 1488 sqft

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This property looks like a bad Airbnb investment with a projected -9.22% first-year return on $91,479 initial cash invested.

-9.22%

Cash On Cash

4.07%

Cap Rate

0.67

DSCR

$2,744

Rent

-$703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,744 income − $3,447 expenses = $703 out of pocket

Income$2,744Out of Pocket$703Mortgage P&I$1,77965%Property Taxes$2288%Insurance$1224%Management$41215%CapEx$1104%Maintenance$1104%Other$68625%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,744

Total Expenses

$3,447

Mortgage P&I

65%

$1,779

Property Taxes

8%

$228

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$412

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$686

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