REI Lense

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$1,426 (target)

1815 Purdue Dr, Fort Wayne, IN 46808

3 beds • 2 baths • 1316 sqft

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This property looks like a bad Long-Term investment with a projected -8.58% first-year return on $44,079 initial cash invested.

-8.58%

Cash On Cash

5.12%

Cap Rate

0.79

DSCR

$1,426

Rent

-$315

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,426 income − $1,741 expenses = $315 out of pocket

Income$1,426Out of Pocket$315Mortgage P&I$1,14080%Property Taxes$15511%Insurance$755%Management$14310%CapEx$715%Vacancy$866%Maintenance$715%

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,079

Downpayment

20%

$41,980

Closing costs

1%

$2,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,426

Total Expenses

$1,741

Mortgage P&I

80%

$1,140

Property Taxes

11%

$155

Home Insurance

5%

$75

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$71

Vacancy

6%

$86

Maintenance

5%

$71

Other

0%

$0

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