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6200 Summit Pointe Way, Newburgh, IN 47630

3 beds • 2 baths • 1294 sqft

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This property looks like a bad Airbnb investment with a projected -5.11% first-year return on $65,229 initial cash invested.

-5.11%

Cash On Cash

5.36%

Cap Rate

0.84

DSCR

$2,109

Rent

-$278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,109 income − $2,387 expenses = $278 out of pocket

Income$2,109Out of Pocket$278Mortgage P&I$1,19957%Property Taxes$985%Insurance$794%Management$31615%CapEx$844%Maintenance$844%Other$52725%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,109

Total Expenses

$2,387

Mortgage P&I

57%

$1,199

Property Taxes

5%

$98

Home Insurance

4%

$79

HOA

0%

$0

Property Management

15%

$316

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$527

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