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221 Scherland Dr, Schererville, IN 46375

3 beds • 2 baths • 1904 sqft

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This property might be a fair Airbnb investment with a projected 2.84% first-year return on $85,431 initial cash invested.

2.84%

Cash On Cash

7.17%

Cap Rate

1.23

DSCR

$3,975

Rent

$202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,431

Downpayment

20%

$64,220

Closing costs

1%

$3,211

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,975

Total Expenses

$3,773

Mortgage P&I

39%

$1,557

Property Taxes

5%

$194

Home Insurance

3%

$114

HOA

0%

$0

Property Management

15%

$596

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$994

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