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2405 N Old Towne Ln, Muncie, IN 47304

3 beds • 2 baths • 1575 sqft

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This property looks like a bad Airbnb investment with a projected -2.3% first-year return on $70,059 initial cash invested.

-2.3%

Cash On Cash

6.15%

Cap Rate

0.98

DSCR

$2,672

Rent

-$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,059

Downpayment

20%

$49,580

Closing costs

1%

$2,479

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,672

Total Expenses

$2,806

Mortgage P&I

49%

$1,297

Property Taxes

5%

$139

Home Insurance

3%

$87

HOA

0%

$0

Property Management

15%

$401

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$668

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Comparable Property

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ADR

Beds

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Distance

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3

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5

4

0.6 mi

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$1,100

$110

2

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0.9 mi

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$2,850

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5

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0.6 mi

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