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2423 Otsego Dr, Fort Wayne, IN 46825

3 beds • 2 baths • 1358 sqft

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This property might be a fair Airbnb investment with a projected 1.11% first-year return on $64,599 initial cash invested.

1.11%

Cash On Cash

7.41%

Cap Rate

1.15

DSCR

$2,858

Rent

$60

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,858 income − $2,798 expenses = $60 cash flow

Income$2,858Mortgage P&I$1,19642%Property Taxes$1505%Insurance$793%HOA$2Management$42915%CapEx$1144%Maintenance$1144%Other$71425%Cash Flow$60

Investment Breakdown

|

Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,599

Downpayment

20%

$44,380

Closing costs

1%

$2,219

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,858

Total Expenses

$2,798

Mortgage P&I

42%

$1,196

Property Taxes

5%

$150

Home Insurance

3%

$79

HOA

0%

$2

Property Management

15%

$429

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$714

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