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4012 Melvyn Drive, New Albany, IN 47150

3 beds • 2 baths • 1161 sqft

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This property looks like a bad Airbnb investment with a projected -11.68% first-year return on $68,526 initial cash invested.

-11.68%

Cash On Cash

3.34%

Cap Rate

0.52

DSCR

$1,457

Rent

-$667

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,457 income − $2,124 expenses = $667 out of pocket

Income$1,457Out of Pocket$667Mortgage P&I$1,27888%Property Taxes$594%Insurance$886%Management$21915%CapEx$584%Maintenance$584%Other$36425%

Investment Breakdown

|

Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,526

Downpayment

20%

$48,120

Closing costs

1%

$2,406

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,457

Total Expenses

$2,124

Mortgage P&I

88%

$1,278

Property Taxes

4%

$59

Home Insurance

6%

$88

HOA

0%

$0

Property Management

15%

$219

CapEx

4%

$58

Vacancy

0%

$0

Maintenance

4%

$58

Other

25%

$364

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