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3200 Clear Creek Blvd, Martinsville, IN 46151

3 beds • 3 baths • 3750 sqft

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This property looks like a bad Airbnb investment with a projected -15.87% first-year return on $117k initial cash invested.

-15.87%

Cash On Cash

2.29%

Cap Rate

0.38

DSCR

$2,300

Rent

-$1,551

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,300 income − $3,851 expenses = $1,551 out of pocket

Income$2,300Out of Pocket$1,551Mortgage P&I$2,362103%Property Taxes$1888%Insurance$1758%HOA$221%Management$34515%CapEx$924%Maintenance$924%Other$57525%

Investment Breakdown

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Purchase Price

$473k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,580

Closing costs

1%

$4,729

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,300

Total Expenses

$3,851

Mortgage P&I

103%

$2,362

Property Taxes

8%

$188

Home Insurance

8%

$175

HOA

1%

$22

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$575

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