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6707 W 400 N, Michigan City, IN 46360

3 beds • 4 baths • 3084 sqft

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This property looks like a bad Airbnb investment with a projected -6.87% first-year return on $103k initial cash invested.

-6.87%

Cash On Cash

4.57%

Cap Rate

0.78

DSCR

$3,735

Rent

-$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,735 income − $4,325 expenses = $590 out of pocket

Income$3,735Out of Pocket$590Mortgage P&I$1,98253%Property Taxes$42511%Insurance$1263%Management$56015%CapEx$1494%Maintenance$1494%Other$93425%

Investment Breakdown

|

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

$3,735

Total Expenses

$4,325

Mortgage P&I

53%

$1,982

Property Taxes

11%

$425

Home Insurance

3%

$126

HOA

0%

$0

Property Management

15%

$560

CapEx

4%

$149

Vacancy

0%

$0

Maintenance

4%

$149

Other

25%

$934

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