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37 S Spencer Ave, Indianapolis, IN 46219

3 beds • 3 baths • 1850 sqft

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This property looks like a bad Airbnb investment with a projected -13.04% first-year return on $86,250 initial cash invested.

-13.04%

Cash On Cash

2.87%

Cap Rate

0.48

DSCR

$2,105

Rent

-$937

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,105 income − $3,042 expenses = $937 out of pocket

Income$2,105Out of Pocket$937Mortgage P&I$1,62977%Property Taxes$28914%Insurance$1145%Management$31615%CapEx$844%Maintenance$844%Other$52625%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,105

Total Expenses

$3,042

Mortgage P&I

77%

$1,629

Property Taxes

14%

$289

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$316

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$526

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