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638 Carolina St, Gary, IN 46402

3 beds • 2 baths • 2777 sqft

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This property could be a profitable Airbnb investment with a projected 32.49% first-year return on $23,859 initial cash invested.

32.49%

Cash On Cash

37.29%

Cap Rate

5.49

DSCR

$1,582

Rent

$646

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,582 income − $936 expenses = $646 cash flow

Income$1,582Mortgage P&I$15810%Property Taxes$91%Insurance$101%Management$23715%CapEx$634%Maintenance$634%Other$39625%Cash Flow$646

Investment Breakdown

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Purchase Price

$27,900

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$23,859

Downpayment

20%

$5,580

Closing costs

1%

$279

Rehab

0%

$0

Furnishing

65%

$18,000

Cashflow

Total Income

$1,582

Total Expenses

$936

Mortgage P&I

10%

$158

Property Taxes

1%

$9

Home Insurance

1%

$10

HOA

0%

$0

Property Management

15%

$237

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$396

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