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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 5.34% first-year return on $65,817 initial cash invested.

5.34%

Cash On Cash

8.64%

Cap Rate

1.35

DSCR

$3,202

Rent

$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$3,202

Total Expenses

$2,909

Mortgage P&I

38%

$1,219

Property Taxes

2%

$74

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$480

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$800

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