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58915 Runway Rd, Elkhart, IN 46516

3 beds • 3 baths • 1608 sqft

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This property looks like a bad Airbnb investment with a projected -4.43% first-year return on $76,338 initial cash invested.

-4.43%

Cash On Cash

5.86%

Cap Rate

0.89

DSCR

$2,854

Rent

-$282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,854 income − $3,136 expenses = $282 out of pocket

Income$2,854Out of Pocket$282Mortgage P&I$1,52553%Property Taxes$1435%Insurance$983%Management$42815%CapEx$1144%Maintenance$1144%Other$71425%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,338

Downpayment

20%

$55,560

Closing costs

1%

$2,778

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,854

Total Expenses

$3,136

Mortgage P&I

53%

$1,525

Property Taxes

5%

$143

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$428

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$714

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