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4509 W Jackson St, Muncie, IN 47304

3 beds • 4 baths • 3298 sqft

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This property looks like a bad Airbnb investment with a projected -16.6% first-year return on $149k initial cash invested.

-16.6%

Cash On Cash

2.37%

Cap Rate

0.39

DSCR

$2,947

Rent

-$2,064

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,947 income − $5,011 expenses = $2,064 out of pocket

Income$2,947Out of Pocket$2,064Mortgage P&I$3,179108%Property Taxes$1987%Insurance$2197%Management$44215%CapEx$1184%Maintenance$1184%Other$73725%

Investment Breakdown

|

Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,249

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,947

Total Expenses

$5,011

Mortgage P&I

108%

$3,179

Property Taxes

7%

$198

Home Insurance

7%

$219

HOA

0%

$0

Property Management

15%

$442

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$737

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