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2313 W Audubon Dr, Muncie, IN 47304

4 beds • 3 baths • 2942 sqft

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This property looks like a bad Airbnb investment with a projected -9.45% first-year return on $104k initial cash invested.

-9.45%

Cash On Cash

3.84%

Cap Rate

0.64

DSCR

$3,241

Rent

-$817

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$75,980

Closing costs

1%

$3,799

Rehab

0%

$0

Furnishing

6%

$24,000

Cashflow

Total Income

$3,241

Total Expenses

$4,058

Mortgage P&I

59%

$1,904

Property Taxes

14%

$465

Home Insurance

4%

$133

HOA

0%

$0

Property Management

15%

$486

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$810

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