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56045 Riverdale Dr, Elkhart, IN 46514

3 beds • 4 baths • 3827 sqft

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This property looks like a bad Airbnb investment with a projected -17.2% first-year return on $124k initial cash invested.

-17.2%

Cash On Cash

1.97%

Cap Rate

0.33

DSCR

$2,578

Rent

-$1,782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,578 income − $4,360 expenses = $1,782 out of pocket

Income$2,578Out of Pocket$1,782Mortgage P&I$2,51297%Property Taxes$40716%Insurance$2008%HOA$4Management$38715%CapEx$1034%Maintenance$1034%Other$64425%

Investment Breakdown

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Purchase Price

$506k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,064

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,578

Total Expenses

$4,360

Mortgage P&I

97%

$2,512

Property Taxes

16%

$407

Home Insurance

8%

$200

HOA

0%

$4

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$644

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