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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 -21.65% first-year return on $137k initial cash invested.

-21.65%

Cash On Cash

1.21%

Cap Rate

0.19

DSCR

$1,910

Rent

-$2,465

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,910 income − $4,375 expenses = $2,465 out of pocket

Income$1,910Out of Pocket$2,465Mortgage P&I$2,958155%Property Taxes$30316%Insurance$19810%Management$28615%CapEx$764%Maintenance$764%Other$47825%

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

$1,910

Total Expenses

$4,375

Mortgage P&I

155%

$2,958

Property Taxes

16%

$303

Home Insurance

10%

$198

HOA

0%

$0

Property Management

15%

$286

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$478

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