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4975 E 73rd Ave, Merrillville, IN 46410

3 beds • 2 baths • 2018 sqft

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This property looks like a bad Airbnb investment with a projected -4.45% first-year return on $81,903 initial cash invested.

-4.45%

Cash On Cash

5.45%

Cap Rate

0.88

DSCR

$2,971

Rent

-$304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,971 income − $3,275 expenses = $304 out of pocket

Income$2,971Out of Pocket$304Mortgage P&I$1,56853%Property Taxes$1726%Insurance$1084%Management$44615%CapEx$1194%Maintenance$1194%Other$74325%

Investment Breakdown

|

Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,903

Downpayment

20%

$60,860

Closing costs

1%

$3,043

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,971

Total Expenses

$3,275

Mortgage P&I

53%

$1,568

Property Taxes

6%

$172

Home Insurance

4%

$108

HOA

0%

$0

Property Management

15%

$446

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$743

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