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5656 Madison Ave, Indianapolis, IN 46227

3 beds • 2 baths • 2016 sqft

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This property might be a fair Airbnb investment with a projected 9.26% first-year return on $59,118 initial cash invested.

9.26%

Cash On Cash

10%

Cap Rate

1.57

DSCR

$3,428

Rent

$456

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,428 income − $2,972 expenses = $456 cash flow

Income$3,428Mortgage P&I$1,03830%Property Taxes$2196%Insurance$702%Management$51415%CapEx$1374%Maintenance$1374%Other$85725%Cash Flow$456

Investment Breakdown

|

Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,118

Downpayment

20%

$39,160

Closing costs

1%

$1,958

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,428

Total Expenses

$2,972

Mortgage P&I

30%

$1,038

Property Taxes

6%

$219

Home Insurance

2%

$70

HOA

0%

$0

Property Management

15%

$514

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$857

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