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3508 N Burgess Rd, Muncie, IN 47304

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Airbnb investment with a projected -2.8% first-year return on $58,761 initial cash invested.

-2.8%

Cash On Cash

5.99%

Cap Rate

0.95

DSCR

$2,051

Rent

-$137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,051 income − $2,188 expenses = $137 out of pocket

Income$2,051Out of Pocket$137Mortgage P&I$1,02450%Property Taxes$1095%Insurance$703%Management$30815%CapEx$824%Maintenance$824%Other$51325%

Investment Breakdown

|

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

$2,051

Total Expenses

$2,188

Mortgage P&I

50%

$1,024

Property Taxes

5%

$109

Home Insurance

3%

$70

HOA

0%

$0

Property Management

15%

$308

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$513

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