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324 Bercliff Dr, South Bend, IN 46615

3 beds • 2 baths • 1904 sqft

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This property looks like a bad Airbnb investment with a projected -13.92% first-year return on $75,519 initial cash invested.

-13.92%

Cash On Cash

2.44%

Cap Rate

0.41

DSCR

$1,613

Rent

-$876

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,613 income − $2,489 expenses = $876 out of pocket

Income$1,613Out of Pocket$876Mortgage P&I$1,36785%Property Taxes$25616%Insurance$916%Management$24215%CapEx$654%Maintenance$654%Other$40325%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,519

Downpayment

20%

$54,780

Closing costs

1%

$2,739

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,613

Total Expenses

$2,489

Mortgage P&I

85%

$1,367

Property Taxes

16%

$256

Home Insurance

6%

$91

HOA

0%

$0

Property Management

15%

$242

CapEx

4%

$65

Vacancy

0%

$0

Maintenance

4%

$65

Other

25%

$403

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