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23770 Stonegate Cir, Elkhart, IN 46517

3 beds • 3 baths • 3490 sqft

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This property looks like a bad Airbnb investment with a projected -8.95% first-year return on $109k initial cash invested.

-8.95%

Cash On Cash

5.12%

Cap Rate

0.74

DSCR

$4,100

Rent

-$812

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,100 income − $4,912 expenses = $812 out of pocket

Income$4,100Out of Pocket$812Mortgage P&I$2,49461%Property Taxes$2967%Insurance$1544%Management$61515%CapEx$1644%Maintenance$1644%Other$1,02525%

Investment Breakdown

|

Purchase Price

$433k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,580

Closing costs

1%

$4,329

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,100

Total Expenses

$4,912

Mortgage P&I

61%

$2,494

Property Taxes

7%

$296

Home Insurance

4%

$154

HOA

0%

$0

Property Management

15%

$615

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,025

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