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2801 E Wright Dr, Kokomo, IN 46901

3 beds • 3 baths • 2323 sqft

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This property looks like a bad Airbnb investment with a projected -20% first-year return on $137k initial cash invested.

-20%

Cash On Cash

1.64%

Cap Rate

0.26

DSCR

$2,273

Rent

-$2,277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,273 income − $4,550 expenses = $2,277 out of pocket

Income$2,273Out of Pocket$2,277Mortgage P&I$2,958130%Property Taxes$30313%Insurance$1989%Management$34115%CapEx$914%Maintenance$914%Other$56825%

Investment Breakdown

|

Purchase Price

$565k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$113k

Closing costs

1%

$5,649

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,273

Total Expenses

$4,550

Mortgage P&I

130%

$2,958

Property Taxes

13%

$303

Home Insurance

9%

$198

HOA

0%

$0

Property Management

15%

$341

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$568

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