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302 N Spring St, Odon, IN 47562

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Airbnb investment with a projected -5.56% first-year return on $69,114 initial cash invested.

-5.56%

Cash On Cash

5.14%

Cap Rate

0.82

DSCR

$2,340

Rent

-$320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,340 income − $2,660 expenses = $320 out of pocket

Income$2,340Out of Pocket$320Mortgage P&I$1,26954%Property Taxes$1999%Insurance$683%Management$35115%CapEx$944%Maintenance$944%Other$58525%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,114

Downpayment

20%

$48,680

Closing costs

1%

$2,434

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,340

Total Expenses

$2,660

Mortgage P&I

54%

$1,269

Property Taxes

9%

$199

Home Insurance

3%

$68

HOA

0%

$0

Property Management

15%

$351

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$585

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