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2109 Wood Avenue, New Albany, IN 47150

3 beds • 2 baths • 1235 sqft

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This property might be a fair Airbnb investment with a projected 6.73% first-year return on $58,845 initial cash invested.

6.73%

Cash On Cash

9.08%

Cap Rate

1.45

DSCR

$3,166

Rent

$330

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$3,166

Total Expenses

$2,836

Mortgage P&I

32%

$1,014

Property Taxes

7%

$231

Home Insurance

2%

$70

HOA

0%

$0

Property Management

15%

$475

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$792

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