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51238 Elm Rd, Granger, IN 46530

3 beds • 3 baths • 2996 sqft

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This property looks like a bad Airbnb investment with a projected -26.31% first-year return on $115k initial cash invested.

-26.31%

Cash On Cash

-0.48%

Cap Rate

-0.08

DSCR

$691

Rent

-$2,512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$691 income − $3,203 expenses = $2,512 out of pocket

Income$691Out of Pocket$2,512Mortgage P&I$2,299333%Property Taxes$38155%Insurance$16123%HOA$294%Management$10415%CapEx$284%Maintenance$284%Other$17325%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$91,980

Closing costs

1%

$4,599

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$691

Total Expenses

$3,203

Mortgage P&I

333%

$2,299

Property Taxes

55%

$381

Home Insurance

23%

$161

HOA

4%

$29

Property Management

15%

$104

CapEx

4%

$28

Vacancy

0%

$0

Maintenance

4%

$28

Other

25%

$173

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