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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 -8.38% first-year return on $94,797 initial cash invested.

-8.38%

Cash On Cash

4.27%

Cap Rate

0.71

DSCR

$3,115

Rent

-$662

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,115 income − $3,777 expenses = $662 out of pocket

Income$3,115Out of Pocket$662Mortgage P&I$1,83859%Property Taxes$30810%Insurance$1354%Management$46715%CapEx$1254%Maintenance$1254%Other$77925%

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

$3,115

Total Expenses

$3,777

Mortgage P&I

59%

$1,838

Property Taxes

10%

$308

Home Insurance

4%

$135

HOA

0%

$0

Property Management

15%

$467

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$779

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