REI Lense

REI Lense

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$1,156 (target)

1632 Lumbard St, Fort Wayne, IN 46803

3 beds • 2 baths • 1608 sqft

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This property looks like a bad Long-Term investment with a projected -7.28% first-year return on $32,466 initial cash invested.

-7.28%

Cash On Cash

4.94%

Cap Rate

0.82

DSCR

$1,156

Rent

-$197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,156 income − $1,353 expenses = $197 out of pocket

Income$1,156Out of Pocket$197Mortgage P&I$77567%Property Taxes$17515%Insurance$1029%Management$11610%CapEx$585%Vacancy$696%Maintenance$585%

Investment Breakdown

|

Purchase Price

$155k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$32,466

Downpayment

20%

$30,920

Closing costs

1%

$1,546

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,156

Total Expenses

$1,353

Mortgage P&I

67%

$775

Property Taxes

15%

$175

Home Insurance

9%

$102

HOA

0%

$0

Property Management

10%

$116

CapEx

5%

$58

Vacancy

6%

$69

Maintenance

5%

$58

Other

0%

$0

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