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2916 Elmwood St, Portage, IN 46368

3 beds • 2 baths • 2310 sqft

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This property looks like a bad Airbnb investment with a projected -2.86% first-year return on $76,779 initial cash invested.

-2.86%

Cash On Cash

5.74%

Cap Rate

0.95

DSCR

$2,880

Rent

-$183

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,880 income − $3,063 expenses = $183 out of pocket

Income$2,880Out of Pocket$183Mortgage P&I$1,40749%Property Taxes$1766%Insurance$983%Management$43215%CapEx$1154%Maintenance$1154%Other$72025%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,880

Total Expenses

$3,063

Mortgage P&I

49%

$1,407

Property Taxes

6%

$176

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$432

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$720

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