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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 -21.96% first-year return on $137k initial cash invested.

-21.96%

Cash On Cash

1.13%

Cap Rate

0.18

DSCR

$1,845

Rent

-$2,500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,845 income − $4,345 expenses = $2,500 out of pocket

Income$1,845Out of Pocket$2,500Mortgage P&I$2,958160%Property Taxes$30316%Insurance$19811%Management$27715%CapEx$744%Maintenance$744%Other$46125%

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

$1,845

Total Expenses

$4,345

Mortgage P&I

160%

$2,958

Property Taxes

16%

$303

Home Insurance

11%

$198

HOA

0%

$0

Property Management

15%

$277

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$461

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