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238 Cartwright Dr, Richmond, IN 47374

3 beds • 2 baths • 1440 sqft

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This property might be a fair Airbnb investment with a projected 4.71% first-year return on $49,479 initial cash invested.

4.71%

Cash On Cash

8.8%

Cap Rate

1.35

DSCR

$2,226

Rent

$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,226 income − $2,032 expenses = $194 cash flow

Income$2,226Mortgage P&I$81637%Property Taxes$964%Insurance$522%Management$33415%CapEx$894%Maintenance$894%Other$55625%Cash Flow$194

Investment Breakdown

|

Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,226

Total Expenses

$2,032

Mortgage P&I

37%

$816

Property Taxes

4%

$96

Home Insurance

2%

$52

HOA

0%

$0

Property Management

15%

$334

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$556

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