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51822 Currant Rd, Granger, IN 46530

3 beds • 2 baths • 2232 sqft

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This property looks like a bad Airbnb investment with a projected -8.69% first-year return on $77,850 initial cash invested.

-8.69%

Cash On Cash

4.02%

Cap Rate

0.67

DSCR

$2,120

Rent

-$564

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,120 income − $2,684 expenses = $564 out of pocket

Income$2,120Out of Pocket$564Mortgage P&I$1,43368%Property Taxes$1336%Insurance$1005%Management$31815%CapEx$854%Maintenance$854%Other$53025%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,120

Total Expenses

$2,684

Mortgage P&I

68%

$1,433

Property Taxes

6%

$133

Home Insurance

5%

$100

HOA

0%

$0

Property Management

15%

$318

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$530

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