REI Lense

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$1,951 (target)

6022 Glen Oak Ct, Newburgh, IN 47630

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Long-Term investment with a projected -10.4% first-year return on $67,599 initial cash invested.

-10.4%

Cash On Cash

4.61%

Cap Rate

0.72

DSCR

$1,951

Rent

-$586

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,951 income − $2,537 expenses = $586 out of pocket

Income$1,951Out of Pocket$586Mortgage P&I$1,72488%Property Taxes$1709%Insurance$1166%HOA$191%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,599

Downpayment

20%

$64,380

Closing costs

1%

$3,219

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,951

Total Expenses

$2,537

Mortgage P&I

88%

$1,724

Property Taxes

9%

$170

Home Insurance

6%

$116

HOA

1%

$19

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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