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26132 State Road 2, South Bend, IN 46619

3 beds • 2 baths • 1376 sqft

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This property looks like a bad Airbnb investment with a projected -2.94% first-year return on $76,779 initial cash invested.

-2.94%

Cash On Cash

5.71%

Cap Rate

0.95

DSCR

$2,824

Rent

-$188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,824 income − $3,012 expenses = $188 out of pocket

Income$2,824Out of Pocket$188Mortgage P&I$1,40750%Property Taxes$1515%Insurance$983%Management$42415%CapEx$1134%Maintenance$1134%Other$70625%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,824

Total Expenses

$3,012

Mortgage P&I

50%

$1,407

Property Taxes

5%

$151

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$424

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$706

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