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1524 Colfax Ct, Fort Wayne, IN 46815

3 beds • 2 baths • 1858 sqft

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This property looks like a bad Airbnb investment with a projected -2.71% first-year return on $85,851 initial cash invested.

-2.71%

Cash On Cash

5.56%

Cap Rate

0.96

DSCR

$3,408

Rent

-$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,851

Downpayment

20%

$64,620

Closing costs

1%

$3,231

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,408

Total Expenses

$3,602

Mortgage P&I

46%

$1,555

Property Taxes

8%

$273

Home Insurance

3%

$116

HOA

1%

$23

Property Management

15%

$511

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$852

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