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26670 Durness Woods Dr, South Bend, IN 46628

3 beds • 2 baths • 2060 sqft

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This property looks like a bad Airbnb investment with a projected -2.83% first-year return on $91,479 initial cash invested.

-2.83%

Cash On Cash

5.89%

Cap Rate

0.97

DSCR

$3,868

Rent

-$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,868 income − $4,084 expenses = $216 out of pocket

Income$3,868Out of Pocket$216Mortgage P&I$1,77946%Property Taxes$3268%Insurance$1223%Management$58015%CapEx$1554%Maintenance$1554%Other$96725%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,868

Total Expenses

$4,084

Mortgage P&I

46%

$1,779

Property Taxes

8%

$326

Home Insurance

3%

$122

HOA

0%

$0

Property Management

15%

$580

CapEx

4%

$155

Vacancy

0%

$0

Maintenance

4%

$155

Other

25%

$967

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