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8888 Classic View Dr, Indianapolis, IN 46217

3 beds • 3 baths • 2671 sqft

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This property looks like a bad Airbnb investment with a projected -16.72% first-year return on $117k initial cash invested.

-16.72%

Cash On Cash

2.31%

Cap Rate

0.37

DSCR

$2,633

Rent

-$1,626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,633 income − $4,259 expenses = $1,626 out of pocket

Income$2,633Out of Pocket$1,626Mortgage P&I$2,42692%Property Taxes$38915%Insurance$1646%HOA$171%Management$39515%CapEx$1054%Maintenance$1054%Other$65825%

Investment Breakdown

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Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,000

Closing costs

1%

$4,700

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,633

Total Expenses

$4,259

Mortgage P&I

92%

$2,426

Property Taxes

15%

$389

Home Insurance

6%

$164

HOA

1%

$17

Property Management

15%

$395

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$658

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