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51235 Aqua Dr, Elkhart, IN 46514

3 beds • 4 baths • 3567 sqft

$1,485,000

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This property looks like a bad Airbnb investment with a projected -23.56% first-year return on $330k initial cash invested.

-23.56%

Cash On Cash

1.01%

Cap Rate

0.16

DSCR

$4,307

Rent

-$6,476

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,307 income − $10,783 expenses = $6,476 out of pocket

Income$4,307Out of Pocket$6,476Mortgage P&I$7,548175%Property Taxes$64815%Insurance$52012%Management$64615%CapEx$1724%Maintenance$1724%Other$1,07725%

Investment Breakdown

|

Purchase Price

$1485k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$330k

Downpayment

20%

$297k

Closing costs

1%

$14,850

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,307

Total Expenses

$10,783

Mortgage P&I

175%

$7,548

Property Taxes

15%

$648

Home Insurance

12%

$520

HOA

0%

$0

Property Management

15%

$646

CapEx

4%

$172

Vacancy

0%

$0

Maintenance

4%

$172

Other

25%

$1,077

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