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60979 Myrtle Rd, South Bend, IN 46614

3 beds • 2 baths • 1362 sqft

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This property looks like a bad Airbnb investment with a projected -4.41% first-year return on $89,190 initial cash invested.

-4.41%

Cash On Cash

5.35%

Cap Rate

0.89

DSCR

$3,304

Rent

-$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,304

Total Expenses

$3,632

Mortgage P&I

52%

$1,707

Property Taxes

7%

$220

Home Insurance

4%

$119

HOA

0%

$0

Property Management

15%

$496

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$826

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Comparable Property

Rent

ADR

Beds

Baths

Distance

*GameRoom*Pool*2663ft²*King Bed*65" TV*1000 Mbps

$8,082

$521

3

2

4.13 mi

15 min. to ND, 3-BR Updated Ranch w/ 2 King Beds

$5,957

$384

3

1.5

3.76 mi

Beautiful FARMhouse at Miami Acres - South Bend IN

$3,009

$194

3

2.5

4.21 mi

The Yellow Submarine

$2,637

$170

3

1.5

4.6 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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