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714 N Long Ridge Rd, Columbia City, IN 46725

3 beds • 2 baths • 1374 sqft

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This property looks like a bad Airbnb investment with a projected -6.83% first-year return on $69,450 initial cash invested.

-6.83%

Cash On Cash

4.87%

Cap Rate

0.77

DSCR

$2,264

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,264 income − $2,659 expenses = $395 out of pocket

Income$2,264Out of Pocket$395Mortgage P&I$1,29957%Property Taxes$1868%Insurance$864%Management$34015%CapEx$914%Maintenance$914%Other$56625%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,264

Total Expenses

$2,659

Mortgage P&I

57%

$1,299

Property Taxes

8%

$186

Home Insurance

4%

$86

HOA

0%

$0

Property Management

15%

$340

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$566

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