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575 O'Bannon Ave, Corydon, IN 47112

3 beds • 2 baths • 1384 sqft

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This property looks like a bad Airbnb investment with a projected -6.23% first-year return on $69,534 initial cash invested.

-6.23%

Cash On Cash

5.06%

Cap Rate

0.79

DSCR

$2,201

Rent

-$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,201 income − $2,562 expenses = $361 out of pocket

Income$2,201Out of Pocket$361Mortgage P&I$1,30859%Property Taxes$1125%Insurance$864%Management$33015%CapEx$884%Maintenance$884%Other$55025%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,534

Downpayment

20%

$49,080

Closing costs

1%

$2,454

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,201

Total Expenses

$2,562

Mortgage P&I

59%

$1,308

Property Taxes

5%

$112

Home Insurance

4%

$86

HOA

0%

$0

Property Management

15%

$330

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$550

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