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51937 Meadow Crest Dr, South Bend, IN 46628

3 beds • 2 baths • 1032 sqft

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This property looks like a bad Airbnb investment with a projected -3.4% first-year return on $62,100 initial cash invested.

-3.4%

Cash On Cash

5.97%

Cap Rate

0.92

DSCR

$2,080

Rent

-$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,080 income − $2,256 expenses = $176 out of pocket

Income$2,080Out of Pocket$176Mortgage P&I$1,13755%Property Taxes$472%Insurance$744%Management$31215%CapEx$834%Maintenance$834%Other$52025%

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,080

Total Expenses

$2,256

Mortgage P&I

55%

$1,137

Property Taxes

2%

$47

Home Insurance

4%

$74

HOA

0%

$0

Property Management

15%

$312

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$520

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