REI Lense

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$2,287 (target)

3091 Dowgate Dr, Newburgh, IN 47630

3 beds • 2 baths • 1723 sqft

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This property looks like a bad Long-Term investment with a projected -6.53% first-year return on $70,707 initial cash invested.

-6.53%

Cash On Cash

5.46%

Cap Rate

0.85

DSCR

$2,287

Rent

-$385

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,287 income − $2,672 expenses = $385 out of pocket

Income$2,287Out of Pocket$385Mortgage P&I$1,80379%Property Taxes$1567%Insurance$1195%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$337k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,707

Downpayment

20%

$67,340

Closing costs

1%

$3,367

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,287

Total Expenses

$2,672

Mortgage P&I

79%

$1,803

Property Taxes

7%

$156

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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