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57591 Shorewood Dr E, South Bend, IN 46619

3 beds • 4 baths • 3552 sqft

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This property looks like a bad Airbnb investment with a projected -13.8% first-year return on $109k initial cash invested.

-13.8%

Cash On Cash

2.93%

Cap Rate

0.48

DSCR

$2,646

Rent

-$1,256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,646 income − $3,902 expenses = $1,256 out of pocket

Income$2,646Out of Pocket$1,256Mortgage P&I$2,20983%Property Taxes$26410%Insurance$1586%Management$39715%CapEx$1064%Maintenance$1064%Other$66225%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,880

Closing costs

1%

$4,344

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,646

Total Expenses

$3,902

Mortgage P&I

83%

$2,209

Property Taxes

10%

$264

Home Insurance

6%

$158

HOA

0%

$0

Property Management

15%

$397

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$662

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