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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 -14.82% first-year return on $117k initial cash invested.

-14.82%

Cash On Cash

2.57%

Cap Rate

0.43

DSCR

$2,497

Rent

-$1,449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,497 income − $3,946 expenses = $1,449 out of pocket

Income$2,497Out of Pocket$1,449Mortgage P&I$2,36295%Property Taxes$1888%Insurance$1757%HOA$221%Management$37515%CapEx$1004%Maintenance$1004%Other$62425%

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

$2,497

Total Expenses

$3,946

Mortgage P&I

95%

$2,362

Property Taxes

8%

$188

Home Insurance

7%

$175

HOA

1%

$22

Property Management

15%

$375

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$624

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