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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 -4.36% first-year return on $71,214 initial cash invested.

-4.36%

Cash On Cash

5.42%

Cap Rate

0.88

DSCR

$2,408

Rent

-$259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,408 income − $2,667 expenses = $259 out of pocket

Income$2,408Out of Pocket$259Mortgage P&I$1,30854%Property Taxes$1155%Insurance$894%Management$36115%CapEx$964%Maintenance$964%Other$60225%

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

$2,408

Total Expenses

$2,667

Mortgage P&I

54%

$1,308

Property Taxes

5%

$115

Home Insurance

4%

$89

HOA

0%

$0

Property Management

15%

$361

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$602

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