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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 -1.97% first-year return on $57,879 initial cash invested.

-1.97%

Cash On Cash

6.22%

Cap Rate

0.99

DSCR

$2,058

Rent

-$95

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,058 income − $2,153 expenses = $95 out of pocket

Income$2,058Out of Pocket$95Mortgage P&I$99848%Property Taxes$1025%Insurance$663%Management$30915%CapEx$824%Maintenance$824%Other$51425%

Investment Breakdown

|

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

$2,058

Total Expenses

$2,153

Mortgage P&I

48%

$998

Property Taxes

5%

$102

Home Insurance

3%

$66

HOA

0%

$0

Property Management

15%

$309

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$514

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