REI Lense

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$1,653 (target)

2423 Otsego Dr, Fort Wayne, IN 46825

3 beds • 2 baths • 1358 sqft

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This property looks like a bad Long-Term investment with a projected -5.25% first-year return on $46,599 initial cash invested.

-5.25%

Cash On Cash

5.81%

Cap Rate

0.9

DSCR

$1,653

Rent

-$204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,653 income − $1,857 expenses = $204 out of pocket

Income$1,653Out of Pocket$204Mortgage P&I$1,19672%Property Taxes$1509%Insurance$795%HOA$2Management$16510%CapEx$835%Vacancy$996%Maintenance$835%

Investment Breakdown

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Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,599

Downpayment

20%

$44,380

Closing costs

1%

$2,219

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,653

Total Expenses

$1,857

Mortgage P&I

72%

$1,196

Property Taxes

9%

$150

Home Insurance

5%

$79

HOA

0%

$2

Property Management

10%

$165

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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