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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% first-year return on $65,229 initial cash invested.

-5%

Cash On Cash

5.4%

Cap Rate

0.84

DSCR

$2,124

Rent

-$272

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,124 income − $2,396 expenses = $272 out of pocket

Income$2,124Out of Pocket$272Mortgage P&I$1,19956%Property Taxes$985%Insurance$794%Management$31915%CapEx$854%Maintenance$854%Other$53125%

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

$2,124

Total Expenses

$2,396

Mortgage P&I

56%

$1,199

Property Taxes

5%

$98

Home Insurance

4%

$79

HOA

0%

$0

Property Management

15%

$319

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$531

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