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6707 W 400 N, Michigan City, IN 46360

3 beds • 4 baths • 3084 sqft

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This property might be a fair Airbnb investment with a projected 1.23% first-year return on $103k initial cash invested.

1.23%

Cash On Cash

6.79%

Cap Rate

1.16

DSCR

$5,075

Rent

$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,075 income − $4,969 expenses = $106 cash flow

Income$5,075Mortgage P&I$1,98239%Property Taxes$4258%Insurance$1262%Management$76115%CapEx$2034%Maintenance$2034%Other$1,26925%Cash Flow$106

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,960

Closing costs

1%

$4,048

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,075

Total Expenses

$4,969

Mortgage P&I

39%

$1,982

Property Taxes

8%

$425

Home Insurance

2%

$126

HOA

0%

$0

Property Management

15%

$761

CapEx

4%

$203

Vacancy

0%

$0

Maintenance

4%

$203

Other

25%

$1,269

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