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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 -16.32% first-year return on $112k initial cash invested.

-16.32%

Cash On Cash

2.39%

Cap Rate

0.38

DSCR

$2,334

Rent

-$1,530

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,334 income − $3,864 expenses = $1,530 out of pocket

Income$2,334Out of Pocket$1,530Mortgage P&I$2,334100%Property Taxes$25211%Insurance$1587%Management$35015%CapEx$934%Maintenance$934%Other$58425%

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

$2,334

Total Expenses

$3,864

Mortgage P&I

100%

$2,334

Property Taxes

11%

$252

Home Insurance

7%

$158

HOA

0%

$0

Property Management

15%

$350

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$584

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