REI Lense

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$1,588 (target)

6200 Summit Pointe Way, Newburgh, IN 47630

3 beds • 2 baths • 1294 sqft

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This property looks like a bad Long-Term investment with a projected -5.08% first-year return on $47,229 initial cash invested.

-5.08%

Cash On Cash

5.75%

Cap Rate

0.9

DSCR

$1,588

Rent

-$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,588 income − $1,788 expenses = $200 out of pocket

Income$1,588Out of Pocket$200Mortgage P&I$1,19976%Property Taxes$986%Insurance$795%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,588

Total Expenses

$1,788

Mortgage P&I

76%

$1,199

Property Taxes

6%

$98

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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