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24278 Lynn Dr, Elkhart, IN 46517

3 beds • 2 baths • 2590 sqft

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This property might be a fair Airbnb investment with a projected 3.63% first-year return on $84,276 initial cash invested.

3.63%

Cash On Cash

7.97%

Cap Rate

1.25

DSCR

$4,244

Rent

$255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,244 income − $3,989 expenses = $255 cash flow

Income$4,244Mortgage P&I$1,67139%Property Taxes$1684%Insurance$1123%Management$63715%CapEx$1704%Maintenance$1704%Other$1,06125%Cash Flow$255

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,276

Downpayment

20%

$63,120

Closing costs

1%

$3,156

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,244

Total Expenses

$3,989

Mortgage P&I

39%

$1,671

Property Taxes

4%

$168

Home Insurance

3%

$112

HOA

0%

$0

Property Management

15%

$637

CapEx

4%

$170

Vacancy

0%

$0

Maintenance

4%

$170

Other

25%

$1,061

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