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1632 Lumbard St, Fort Wayne, IN 46803

3 beds • 2 baths • 1608 sqft

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This property could be a profitable Airbnb investment with a projected 10.18% first-year return on $50,466 initial cash invested.

10.18%

Cash On Cash

10.22%

Cap Rate

1.7

DSCR

$2,847

Rent

$428

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,847 income − $2,419 expenses = $428 cash flow

Income$2,847Mortgage P&I$77527%Property Taxes$1756%Insurance$1024%Management$42715%CapEx$1144%Maintenance$1144%Other$71225%Cash Flow$428

Investment Breakdown

|

Purchase Price

$155k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,466

Downpayment

20%

$30,920

Closing costs

1%

$1,546

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,847

Total Expenses

$2,419

Mortgage P&I

27%

$775

Property Taxes

6%

$175

Home Insurance

4%

$102

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$712

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