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621 Superior St, Michigan City, IN 46360

3 beds • 3 baths • 1512 sqft

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This property could be a profitable Airbnb investment with a projected 14.57% first-year return on $63,570 initial cash invested.

14.57%

Cash On Cash

11.47%

Cap Rate

1.82

DSCR

$3,991

Rent

$772

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$217k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,570

Downpayment

20%

$43,400

Closing costs

1%

$2,170

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,991

Total Expenses

$3,219

Mortgage P&I

29%

$1,143

Property Taxes

2%

$99

Home Insurance

2%

$60

HOA

0%

$0

Property Management

15%

$599

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$998

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