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422 S 4th St, Richmond, IN 47374

3 beds • 2 baths • 1198 sqft

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This property might be a fair Airbnb investment with a projected 7.67% first-year return on $51,159 initial cash invested.

7.67%

Cash On Cash

9.55%

Cap Rate

1.51

DSCR

$2,500

Rent

$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$158k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,159

Downpayment

20%

$31,580

Closing costs

1%

$1,579

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,500

Total Expenses

$2,173

Mortgage P&I

33%

$830

Property Taxes

4%

$88

Home Insurance

2%

$55

HOA

0%

$0

Property Management

15%

$375

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$625

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