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328 Ridge Ct, Ossian, IN 46777

3 beds • 3 baths • 2138 sqft

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This property looks like a bad Airbnb investment with a projected -13.93% first-year return on $93,579 initial cash invested.

-13.93%

Cash On Cash

2.52%

Cap Rate

0.43

DSCR

$1,988

Rent

-$1,086

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,988 income − $3,074 expenses = $1,086 out of pocket

Income$1,988Out of Pocket$1,086Mortgage P&I$1,76289%Property Taxes$20911%Insurance$1317%HOA$171%Management$29815%CapEx$804%Maintenance$804%Other$49725%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,988

Total Expenses

$3,074

Mortgage P&I

89%

$1,762

Property Taxes

11%

$209

Home Insurance

7%

$131

HOA

1%

$17

Property Management

15%

$298

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$497

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