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23741 River Dr, Goshen, IN 46528

3 beds • 2 baths • 1497 sqft

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This property looks like a bad Airbnb investment with a projected -6.73% first-year return on $78,249 initial cash invested.

-6.73%

Cash On Cash

4.68%

Cap Rate

0.77

DSCR

$2,447

Rent

-$439

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,447 income − $2,886 expenses = $439 out of pocket

Income$2,447Out of Pocket$439Mortgage P&I$1,46160%Property Taxes$1707%Insurance$723%HOA$8Management$36715%CapEx$984%Maintenance$984%Other$61225%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,249

Downpayment

20%

$57,380

Closing costs

1%

$2,869

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,447

Total Expenses

$2,886

Mortgage P&I

60%

$1,461

Property Taxes

7%

$170

Home Insurance

3%

$72

HOA

0%

$8

Property Management

15%

$367

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$612

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