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29281 County Road 12, Elkhart, IN 46514

3 beds • 3 baths • 2356 sqft

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This property looks like a bad Airbnb investment with a projected -16.89% first-year return on $144k initial cash invested.

-16.89%

Cash On Cash

2.12%

Cap Rate

0.36

DSCR

$2,950

Rent

-$2,024

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,950 income − $4,974 expenses = $2,024 out of pocket

Income$2,950Out of Pocket$2,024Mortgage P&I$2,966101%Property Taxes$38213%Insurance$2107%Management$44215%CapEx$1184%Maintenance$1184%Other$73825%

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,950

Total Expenses

$4,974

Mortgage P&I

101%

$2,966

Property Taxes

13%

$382

Home Insurance

7%

$210

HOA

0%

$0

Property Management

15%

$442

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$738

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