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6622 Fairview Ave, Portage, IN 46368

3 beds • 2 baths • 1416 sqft

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This property looks like a bad Airbnb investment with a projected -13.97% first-year return on $74,238 initial cash invested.

-13.97%

Cash On Cash

2.72%

Cap Rate

0.43

DSCR

$1,608

Rent

-$864

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,608 income − $2,472 expenses = $864 out of pocket

Income$1,608Out of Pocket$864Mortgage P&I$1,40888%Property Taxes$19512%Insurance$986%Management$24115%CapEx$644%Maintenance$644%Other$40225%

Investment Breakdown

|

Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,238

Downpayment

20%

$53,560

Closing costs

1%

$2,678

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,608

Total Expenses

$2,472

Mortgage P&I

88%

$1,408

Property Taxes

12%

$195

Home Insurance

6%

$98

HOA

0%

$0

Property Management

15%

$241

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$402

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