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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 -4.66% first-year return on $76,779 initial cash invested.

-4.66%

Cash On Cash

5.21%

Cap Rate

0.86

DSCR

$2,659

Rent

-$298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,659 income − $2,957 expenses = $298 out of pocket

Income$2,659Out of Pocket$298Mortgage P&I$1,40753%Property Taxes$1767%Insurance$984%Management$39915%CapEx$1064%Maintenance$1064%Other$66525%

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

$2,659

Total Expenses

$2,957

Mortgage P&I

53%

$1,407

Property Taxes

7%

$176

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$399

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$665

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