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2107 S Airport Rd, Monticello, IN 47960

3 beds • 5 baths • 3403 sqft

$1,118,000

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This property looks like a bad Airbnb investment with a projected -22.3% first-year return on $253k initial cash invested.

-22.3%

Cash On Cash

1.2%

Cap Rate

0.2

DSCR

$3,323

Rent

-$4,697

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,323 income − $8,020 expenses = $4,697 out of pocket

Income$3,323Out of Pocket$4,697Mortgage P&I$5,683171%Property Taxes$32210%Insurance$42013%Management$49815%CapEx$1334%Maintenance$1334%Other$83125%

Investment Breakdown

|

Purchase Price

$1118k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$253k

Downpayment

20%

$224k

Closing costs

1%

$11,180

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,323

Total Expenses

$8,020

Mortgage P&I

171%

$5,683

Property Taxes

10%

$322

Home Insurance

13%

$420

HOA

0%

$0

Property Management

15%

$498

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$831

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