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308 Haines Dr, Elkhart, IN 46514

3 beds • 2 baths • 2092 sqft

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This property looks like a bad Airbnb investment with a projected -12.99% first-year return on $104k initial cash invested.

-12.99%

Cash On Cash

3.65%

Cap Rate

0.55

DSCR

$3,056

Rent

-$1,126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,056 income − $4,182 expenses = $1,126 out of pocket

Income$3,056Out of Pocket$1,126Mortgage P&I$2,25074%Property Taxes$29810%Insurance$1435%HOA$251%Management$45815%CapEx$1224%Maintenance$1224%Other$76425%

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,940

Closing costs

1%

$4,097

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,056

Total Expenses

$4,182

Mortgage P&I

74%

$2,250

Property Taxes

10%

$298

Home Insurance

5%

$143

HOA

1%

$25

Property Management

15%

$458

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$764

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