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2200 Corydon Ridge Road, Corydon, IN 47112

3 beds • 3 baths • 1601 sqft

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This property looks like a bad Airbnb investment with a projected -5.94% first-year return on $82,218 initial cash invested.

-5.94%

Cash On Cash

4.85%

Cap Rate

0.8

DSCR

$2,568

Rent

-$407

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,568 income − $2,975 expenses = $407 out of pocket

Income$2,568Out of Pocket$407Mortgage P&I$1,54060%Property Taxes$904%Insurance$1124%Management$38515%CapEx$1034%Maintenance$1034%Other$64225%

Investment Breakdown

|

Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,218

Downpayment

20%

$61,160

Closing costs

1%

$3,058

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,568

Total Expenses

$2,975

Mortgage P&I

60%

$1,540

Property Taxes

4%

$90

Home Insurance

4%

$112

HOA

0%

$0

Property Management

15%

$385

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$642

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