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2109 Wood Avenue, New Albany, IN 47150

3 beds • 2 baths • 1235 sqft

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This property looks like a bad Airbnb investment with a projected -2.55% first-year return on $58,845 initial cash invested.

-2.55%

Cash On Cash

6.05%

Cap Rate

0.97

DSCR

$2,289

Rent

-$125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,289 income − $2,414 expenses = $125 out of pocket

Income$2,289Out of Pocket$125Mortgage P&I$1,01444%Property Taxes$23110%Insurance$703%Management$34315%CapEx$924%Maintenance$924%Other$57225%

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,845

Downpayment

20%

$38,900

Closing costs

1%

$1,945

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,289

Total Expenses

$2,414

Mortgage P&I

44%

$1,014

Property Taxes

10%

$231

Home Insurance

3%

$70

HOA

0%

$0

Property Management

15%

$343

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$572

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