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29766 Carolina Ave, Elkhart, IN 46516

3 beds • 2 baths • 2333 sqft

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This property might be a fair Airbnb investment with a projected 9.44% first-year return on $76,779 initial cash invested.

9.44%

Cash On Cash

9.41%

Cap Rate

1.55

DSCR

$4,347

Rent

$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,347 income − $3,743 expenses = $604 cash flow

Income$4,347Mortgage P&I$1,41733%Property Taxes$1413%Insurance$982%Management$65215%CapEx$1744%Maintenance$1744%Other$1,08725%Cash Flow$604

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.5%

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

$4,347

Total Expenses

$3,743

Mortgage P&I

33%

$1,417

Property Taxes

3%

$141

Home Insurance

2%

$98

HOA

0%

$0

Property Management

15%

$652

CapEx

4%

$174

Vacancy

0%

$0

Maintenance

4%

$174

Other

25%

$1,087

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