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2924 Fairview St, Anderson, IN 46016

3 beds • 2 baths • 1999 sqft

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This property could be a profitable Airbnb investment with a projected 34.8% first-year return on $26,379 initial cash invested.

34.8%

Cash On Cash

31.61%

Cap Rate

5.15

DSCR

$2,044

Rent

$765

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,044 income − $1,279 expenses = $765 cash flow

Income$2,044Mortgage P&I$20410%Property Taxes$794%Insurance$141%Management$30715%CapEx$824%Maintenance$824%Other$51125%Cash Flow$765

Investment Breakdown

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Purchase Price

$39,900

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$26,379

Downpayment

20%

$7,980

Closing costs

1%

$399

Rehab

0%

$0

Furnishing

45%

$18,000

Cashflow

Total Income

$2,044

Total Expenses

$1,279

Mortgage P&I

10%

$204

Property Taxes

4%

$79

Home Insurance

1%

$14

HOA

0%

$0

Property Management

15%

$307

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$511

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