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556 Gerry St, Gary, IN 46406

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Airbnb investment with a projected -5.68% first-year return on $57,879 initial cash invested.

-5.68%

Cash On Cash

5.01%

Cap Rate

0.79

DSCR

$1,717

Rent

-$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$190k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,879

Downpayment

20%

$37,980

Closing costs

1%

$1,899

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,717

Total Expenses

$1,991

Mortgage P&I

58%

$998

Property Taxes

6%

$102

Home Insurance

4%

$66

HOA

0%

$0

Property Management

15%

$258

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$429

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