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3315 Vernon Ave, Elkhart, IN 46514

3 beds • 3 baths • 2141 sqft

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This property looks like a bad Airbnb investment with a projected -12.02% first-year return on $75,750 initial cash invested.

-12.02%

Cash On Cash

2.95%

Cap Rate

0.49

DSCR

$1,638

Rent

-$759

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,638 income − $2,397 expenses = $759 out of pocket

Income$1,638Out of Pocket$759Mortgage P&I$1,36984%Property Taxes$1449%Insurance$966%Management$24615%CapEx$664%Maintenance$664%Other$41025%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,638

Total Expenses

$2,397

Mortgage P&I

84%

$1,369

Property Taxes

9%

$144

Home Insurance

6%

$96

HOA

0%

$0

Property Management

15%

$246

CapEx

4%

$66

Vacancy

0%

$0

Maintenance

4%

$66

Other

25%

$410

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