REI Lense

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$2,047 (target)

12508 Carroll Ridge Dr, Fort Wayne, IN 46818

3 beds • 2 baths • 2100 sqft

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This property looks like a bad Long-Term investment with a projected -14.41% first-year return on $82,950 initial cash invested.

-14.41%

Cash On Cash

3.87%

Cap Rate

0.59

DSCR

$2,047

Rent

-$996

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,047 income − $3,043 expenses = $996 out of pocket

Income$2,047Out of Pocket$996Mortgage P&I$2,168106%Property Taxes$1799%Insurance$1387%HOA$261%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,950

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,047

Total Expenses

$3,043

Mortgage P&I

106%

$2,168

Property Taxes

9%

$179

Home Insurance

7%

$138

HOA

1%

$26

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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