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2116 Reno Avenue, New Albany, IN 47150

3 beds • 2 baths • 2016 sqft

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This property looks like a bad Airbnb investment with a projected -2.56% first-year return on $71,361 initial cash invested.

-2.56%

Cash On Cash

5.79%

Cap Rate

0.96

DSCR

$2,613

Rent

-$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,613 income − $2,765 expenses = $152 out of pocket

Income$2,613Out of Pocket$152Mortgage P&I$1,27349%Property Taxes$1446%Insurance$934%Management$39215%CapEx$1054%Maintenance$1054%Other$65325%

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,361

Downpayment

20%

$50,820

Closing costs

1%

$2,541

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,613

Total Expenses

$2,765

Mortgage P&I

49%

$1,273

Property Taxes

6%

$144

Home Insurance

4%

$93

HOA

0%

$0

Property Management

15%

$392

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$653

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