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2724 Hillview Drive, New Albany, IN 47150

3 beds • 2 baths • 1098 sqft

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This property might be a fair Airbnb investment with a projected 3.8% first-year return on $61,890 initial cash invested.

3.8%

Cash On Cash

8.11%

Cap Rate

1.28

DSCR

$2,831

Rent

$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,831

Total Expenses

$2,635

Mortgage P&I

39%

$1,103

Property Taxes

3%

$98

Home Insurance

3%

$75

HOA

0%

$0

Property Management

15%

$425

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$708

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