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61594 Elderberry Ln, South Bend, IN 46614

3 beds • 3 baths • 1904 sqft

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This property looks like a bad Airbnb investment with a projected -12.9% first-year return on $73,650 initial cash invested.

-12.9%

Cash On Cash

2.81%

Cap Rate

0.47

DSCR

$2,025

Rent

-$792

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,025 income − $2,817 expenses = $792 out of pocket

Income$2,025Out of Pocket$792Mortgage P&I$1,33266%Property Taxes$42021%Insurance$935%Management$30415%CapEx$814%Maintenance$814%Other$50625%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,025

Total Expenses

$2,817

Mortgage P&I

66%

$1,332

Property Taxes

21%

$420

Home Insurance

5%

$93

HOA

0%

$0

Property Management

15%

$304

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$506

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