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622 S 30th St, South Bend, IN 46615

3 beds • 2 baths • 1308 sqft

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This property looks like a bad Airbnb investment with a projected -0.51% first-year return on $56,913 initial cash invested.

-0.51%

Cash On Cash

6.91%

Cap Rate

1.07

DSCR

$2,265

Rent

-$24

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,913

Downpayment

20%

$37,060

Closing costs

1%

$1,853

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,265

Total Expenses

$2,289

Mortgage P&I

44%

$1,000

Property Taxes

6%

$135

Home Insurance

3%

$66

HOA

0%

$0

Property Management

15%

$340

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$566

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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$5,793

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2

0.66 mi

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3

1

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$7,961

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2

2

0.48 mi

104 W Rancho Del Cerro

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4

2

1.3 mi

1255 S Forest Knoll St

$1,100

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2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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$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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