REI Lense

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$3,117 (target)

6244 Sable Ridge Dr, Newburgh, IN 47630

3 beds • 4 baths • 2321 sqft

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This property looks like a bad Long-Term investment with a projected -7.9% first-year return on $108k initial cash invested.

-7.9%

Cash On Cash

5.26%

Cap Rate

0.8

DSCR

$3,117

Rent

-$712

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,117 income − $3,829 expenses = $712 out of pocket

Income$3,117Out of Pocket$712Mortgage P&I$2,81490%Property Taxes$3Insurance$1806%HOA$211%Management$31210%CapEx$1565%Vacancy$1876%Maintenance$1565%

Investment Breakdown

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Purchase Price

$515k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$103k

Closing costs

1%

$5,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,117

Total Expenses

$3,829

Mortgage P&I

90%

$2,814

Property Taxes

0%

$3

Home Insurance

6%

$180

HOA

1%

$21

Property Management

10%

$312

CapEx

5%

$156

Vacancy

6%

$187

Maintenance

5%

$156

Other

0%

$0

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