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6101 N Cumberland Rd, Muncie, IN 47304

3 beds • 2 baths • 2618 sqft

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This property looks like a bad Airbnb investment with a projected -15.73% first-year return on $119k initial cash invested.

-15.73%

Cash On Cash

2.42%

Cap Rate

0.4

DSCR

$2,780

Rent

-$1,557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,780 income − $4,337 expenses = $1,557 out of pocket

Income$2,780Out of Pocket$1,557Mortgage P&I$2,41287%Property Taxes$40715%Insurance$1686%HOA$161%Management$41715%CapEx$1114%Maintenance$1114%Other$69525%

Investment Breakdown

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Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,980

Closing costs

1%

$4,799

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,780

Total Expenses

$4,337

Mortgage P&I

87%

$2,412

Property Taxes

15%

$407

Home Insurance

6%

$168

HOA

1%

$16

Property Management

15%

$417

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$695

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