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8223 Maple Ave, Gary, IN 46403

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Airbnb investment with a projected -8.92% first-year return on $94,797 initial cash invested.

-8.92%

Cash On Cash

4.11%

Cap Rate

0.68

DSCR

$3,030

Rent

-$705

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,030 income − $3,735 expenses = $705 out of pocket

Income$3,030Out of Pocket$705Mortgage P&I$1,83861%Property Taxes$30810%Insurance$1354%Management$45415%CapEx$1214%Maintenance$1214%Other$75825%

Investment Breakdown

|

Purchase Price

$366k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,797

Downpayment

20%

$73,140

Closing costs

1%

$3,657

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,030

Total Expenses

$3,735

Mortgage P&I

61%

$1,838

Property Taxes

10%

$308

Home Insurance

4%

$135

HOA

0%

$0

Property Management

15%

$454

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$758

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