REI Lense

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2504 Grand Canyon Corridor, Fort Wayne, IN 46808

3 beds • 2 baths • 1299 sqft

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This property might be a fair Airbnb investment with a projected 0.64% first-year return on $69,450 initial cash invested.

0.64%

Cash On Cash

7.31%

Cap Rate

1.13

DSCR

$3,424

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,424

Total Expenses

$3,387

Mortgage P&I

39%

$1,319

Property Taxes

9%

$316

Home Insurance

3%

$86

HOA

1%

$22

Property Management

15%

$514

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$856

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