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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 -19.25% first-year return on $164k initial cash invested.

-19.25%

Cash On Cash

1.56%

Cap Rate

0.26

DSCR

$3,033

Rent

-$2,635

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,033 income − $5,668 expenses = $2,635 out of pocket

Income$3,033Out of Pocket$2,635Mortgage P&I$3,419113%Property Taxes$35412%Insurance$2578%HOA$1836%Management$45515%CapEx$1214%Maintenance$1214%Other$75825%

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

$3,033

Total Expenses

$5,668

Mortgage P&I

113%

$3,419

Property Taxes

12%

$354

Home Insurance

8%

$257

HOA

6%

$183

Property Management

15%

$455

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$758

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