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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 Long-Term investment with a projected -9.83% first-year return on $67,851 initial cash invested.

-9.83%

Cash On Cash

4.06%

Cap Rate

0.7

DSCR

$1,906

Rent

-$556

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

$67,851

Downpayment

20%

$64,620

Closing costs

1%

$3,231

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,906

Total Expenses

$2,462

Mortgage P&I

82%

$1,555

Property Taxes

14%

$273

Home Insurance

6%

$116

HOA

1%

$23

Property Management

10%

$191

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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