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2945 Orchard Dr, Hammond, IN 46323

3 beds • 2 baths • 2994 sqft

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This property looks like a bad Airbnb investment with a projected -9.12% first-year return on $60,000 initial cash invested.

-9.12%

Cash On Cash

4.01%

Cap Rate

0.64

DSCR

$1,823

Rent

-$456

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,823 income − $2,279 expenses = $456 out of pocket

Income$1,823Out of Pocket$456Mortgage P&I$1,05158%Property Taxes$28316%Insurance$704%Management$27315%CapEx$734%Maintenance$734%Other$45625%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,823

Total Expenses

$2,279

Mortgage P&I

58%

$1,051

Property Taxes

16%

$283

Home Insurance

4%

$70

HOA

0%

$0

Property Management

15%

$273

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$456

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