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2219 Lima Valley Dr, Fort Wayne, IN 46818

3 beds • 2 baths • 1942 sqft

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This property looks like a bad Airbnb investment with a projected -4.65% first-year return on $70,479 initial cash invested.

-4.65%

Cash On Cash

5.76%

Cap Rate

0.88

DSCR

$2,688

Rent

-$273

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,688 income − $2,961 expenses = $273 out of pocket

Income$2,688Out of Pocket$273Mortgage P&I$1,36451%Property Taxes$2108%Insurance$883%HOA$8Management$40315%CapEx$1084%Maintenance$1084%Other$67225%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,688

Total Expenses

$2,961

Mortgage P&I

51%

$1,364

Property Taxes

8%

$210

Home Insurance

3%

$88

HOA

0%

$8

Property Management

15%

$403

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$672

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