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8395 N Kiger Dr, Monticello, IN 47960

3 beds • 2 baths • 2380 sqft

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This property looks like a bad Airbnb investment with a projected -13.76% first-year return on $118k initial cash invested.

-13.76%

Cash On Cash

2.74%

Cap Rate

0.47

DSCR

$2,692

Rent

-$1,349

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,692 income − $4,041 expenses = $1,349 out of pocket

Income$2,692Out of Pocket$1,349Mortgage P&I$2,32386%Property Taxes$2509%Insurance$1757%Management$40415%CapEx$1084%Maintenance$1084%Other$67325%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,940

Closing costs

1%

$4,747

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,692

Total Expenses

$4,041

Mortgage P&I

86%

$2,323

Property Taxes

9%

$250

Home Insurance

7%

$175

HOA

0%

$0

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$673

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