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3620 N Armstrong Dr, Bloomington, IN 47404

3 beds • 3 baths • 2249 sqft

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This property looks like a bad Airbnb investment with a projected -19.68% first-year return on $117k initial cash invested.

-19.68%

Cash On Cash

1.21%

Cap Rate

0.2

DSCR

$1,578

Rent

-$1,926

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,578 income − $3,504 expenses = $1,926 out of pocket

Income$1,578Out of Pocket$1,926Mortgage P&I$2,339148%Property Taxes$23315%Insurance$17511%Management$23715%CapEx$634%Maintenance$634%Other$39425%

Investment Breakdown

|

Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,700

Closing costs

1%

$4,735

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,578

Total Expenses

$3,504

Mortgage P&I

148%

$2,339

Property Taxes

15%

$233

Home Insurance

11%

$175

HOA

0%

$0

Property Management

15%

$237

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$394

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