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8388 Outer Lincoln Ave, Newburgh, IN 47630

3 beds • 2 baths • 1537 sqft

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This property looks like a bad Airbnb investment with a projected -4.82% first-year return on $71,214 initial cash invested.

-4.82%

Cash On Cash

5.28%

Cap Rate

0.85

DSCR

$2,356

Rent

-$286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,356 income − $2,642 expenses = $286 out of pocket

Income$2,356Out of Pocket$286Mortgage P&I$1,30856%Property Taxes$1155%Insurance$894%Management$35315%CapEx$944%Maintenance$944%Other$58925%

Investment Breakdown

|

Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,214

Downpayment

20%

$50,680

Closing costs

1%

$2,534

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,356

Total Expenses

$2,642

Mortgage P&I

56%

$1,308

Property Taxes

5%

$115

Home Insurance

4%

$89

HOA

0%

$0

Property Management

15%

$353

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$589

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