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822 Melody Ln, Lafayette, IN 47905

3 beds • 2 baths • 1041 sqft

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This property might be a fair Airbnb investment with a projected 1.93% first-year return on $65,817 initial cash invested.

1.93%

Cash On Cash

7.58%

Cap Rate

1.18

DSCR

$2,845

Rent

$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,845 income − $2,739 expenses = $106 cash flow

Income$2,845Mortgage P&I$1,21943%Property Taxes$743%Insurance$803%Management$42715%CapEx$1144%Maintenance$1144%Other$71125%Cash Flow$106

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,817

Downpayment

20%

$45,540

Closing costs

1%

$2,277

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,845

Total Expenses

$2,739

Mortgage P&I

43%

$1,219

Property Taxes

3%

$74

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$711

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