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53449 Martin Ln, South Bend, IN 46635

3 beds • 2 baths • 1785 sqft

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This property looks like a bad Airbnb investment with a projected -7.87% first-year return on $83,100 initial cash invested.

-7.87%

Cash On Cash

4.25%

Cap Rate

0.71

DSCR

$2,504

Rent

-$545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,504 income − $3,049 expenses = $545 out of pocket

Income$2,504Out of Pocket$545Mortgage P&I$1,54362%Property Taxes$1968%Insurance$1084%Management$37615%CapEx$1004%Maintenance$1004%Other$62625%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,504

Total Expenses

$3,049

Mortgage P&I

62%

$1,543

Property Taxes

8%

$196

Home Insurance

4%

$108

HOA

0%

$0

Property Management

15%

$376

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$626

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