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7654 Monroe St, Merrillville, IN 46410

3 beds • 2 baths • 1635 sqft

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This property looks like a bad Airbnb investment with a projected -3.83% first-year return on $68,001 initial cash invested.

-3.83%

Cash On Cash

5.82%

Cap Rate

0.91

DSCR

$2,662

Rent

-$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,662 income − $2,879 expenses = $217 out of pocket

Income$2,662Out of Pocket$217Mortgage P&I$1,26548%Property Taxes$2218%Insurance$843%HOA$321%Management$39915%CapEx$1064%Maintenance$1064%Other$66625%

Investment Breakdown

|

Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,001

Downpayment

20%

$47,620

Closing costs

1%

$2,381

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,662

Total Expenses

$2,879

Mortgage P&I

48%

$1,265

Property Taxes

8%

$221

Home Insurance

3%

$84

HOA

1%

$32

Property Management

15%

$399

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$666

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