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8901 Schaeffer Rd, Evansville, IN 47720

3 beds • 3 baths • 2156 sqft

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This property looks like a bad Airbnb investment with a projected -15.99% first-year return on $112k initial cash invested.

-15.99%

Cash On Cash

2.48%

Cap Rate

0.4

DSCR

$2,394

Rent

-$1,499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,394 income − $3,893 expenses = $1,499 out of pocket

Income$2,394Out of Pocket$1,499Mortgage P&I$2,33497%Property Taxes$25211%Insurance$1587%Management$35915%CapEx$964%Maintenance$964%Other$59825%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,394

Total Expenses

$3,893

Mortgage P&I

97%

$2,334

Property Taxes

11%

$252

Home Insurance

7%

$158

HOA

0%

$0

Property Management

15%

$359

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$598

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