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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 -21.44% first-year return on $253k initial cash invested.

-21.44%

Cash On Cash

1.41%

Cap Rate

0.23

DSCR

$3,670

Rent

-$4,517

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,670 income − $8,187 expenses = $4,517 out of pocket

Income$3,670Out of Pocket$4,517Mortgage P&I$5,683155%Property Taxes$3229%Insurance$42011%Management$55015%CapEx$1474%Maintenance$1474%Other$91825%

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

$3,670

Total Expenses

$8,187

Mortgage P&I

155%

$5,683

Property Taxes

9%

$322

Home Insurance

11%

$420

HOA

0%

$0

Property Management

15%

$550

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$918

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