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213 Kenwood Pl, Michigan City, IN 46360

3 beds • 3 baths • 3004 sqft

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This property looks like a bad Airbnb investment with a projected -13.61% first-year return on $136k initial cash invested.

-13.61%

Cash On Cash

3.05%

Cap Rate

0.5

DSCR

$3,539

Rent

-$1,542

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,539 income − $5,081 expenses = $1,542 out of pocket

Income$3,539Out of Pocket$1,542Mortgage P&I$2,82780%Property Taxes$35810%Insurance$1966%Management$53115%CapEx$1424%Maintenance$1424%Other$88525%

Investment Breakdown

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Purchase Price

$562k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$112k

Closing costs

1%

$5,615

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,539

Total Expenses

$5,081

Mortgage P&I

80%

$2,827

Property Taxes

10%

$358

Home Insurance

6%

$196

HOA

0%

$0

Property Management

15%

$531

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$885

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