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55 Magnolia Trl, Michigan City, IN 46360

3 beds • 3 baths • 2948 sqft

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This property looks like a bad Airbnb investment with a projected -15.73% first-year return on $164k initial cash invested.

-15.73%

Cash On Cash

2.45%

Cap Rate

0.42

DSCR

$3,960

Rent

-$2,153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,960 income − $6,113 expenses = $2,153 out of pocket

Income$3,960Out of Pocket$2,153Mortgage P&I$3,41986%Property Taxes$3549%Insurance$2576%HOA$1835%Management$59415%CapEx$1584%Maintenance$1584%Other$99025%

Investment Breakdown

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Purchase Price

$697k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$164k

Downpayment

20%

$139k

Closing costs

1%

$6,965

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,960

Total Expenses

$6,113

Mortgage P&I

86%

$3,419

Property Taxes

9%

$354

Home Insurance

6%

$257

HOA

5%

$183

Property Management

15%

$594

CapEx

4%

$158

Vacancy

0%

$0

Maintenance

4%

$158

Other

25%

$990

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