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2724 Hillview Drive, New Albany, IN 47150

3 beds • 2 baths • 1098 sqft

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This property looks like a bad Airbnb investment with a projected -2.68% first-year return on $61,890 initial cash invested.

-2.68%

Cash On Cash

6.04%

Cap Rate

0.95

DSCR

$2,187

Rent

-$138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,187 income − $2,325 expenses = $138 out of pocket

Income$2,187Out of Pocket$138Mortgage P&I$1,10350%Property Taxes$984%Insurance$753%Management$32815%CapEx$874%Maintenance$874%Other$54725%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,890

Downpayment

20%

$41,800

Closing costs

1%

$2,090

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,187

Total Expenses

$2,325

Mortgage P&I

50%

$1,103

Property Taxes

4%

$98

Home Insurance

3%

$75

HOA

0%

$0

Property Management

15%

$328

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$547

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