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2755 Ashley Morgan Drive, New Albany, IN 47150

3 beds • 4 baths • 2797 sqft

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This property looks like a bad Airbnb investment with a projected -19.93% first-year return on $221k initial cash invested.

-19.93%

Cash On Cash

1.68%

Cap Rate

0.28

DSCR

$3,522

Rent

-$3,665

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$965k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$221k

Downpayment

20%

$193k

Closing costs

1%

$9,650

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,522

Total Expenses

$7,187

Mortgage P&I

138%

$4,874

Property Taxes

8%

$285

Home Insurance

10%

$338

HOA

0%

$0

Property Management

15%

$528

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$880

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