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3508 N Burgess Rd, Muncie, IN 47304

3 beds • 2 baths • 1248 sqft

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This property might be a fair Airbnb investment with a projected 2.35% first-year return on $58,761 initial cash invested.

2.35%

Cash On Cash

7.67%

Cap Rate

1.21

DSCR

$2,534

Rent

$115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$194k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,761

Downpayment

20%

$38,820

Closing costs

1%

$1,941

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,534

Total Expenses

$2,419

Mortgage P&I

40%

$1,024

Property Taxes

4%

$109

Home Insurance

3%

$70

HOA

0%

$0

Property Management

15%

$380

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$634

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