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2509 Grand Canyon Corridor, Fort Wayne, IN 46808

3 beds • 2 baths • 1384 sqft

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This property looks like a bad Airbnb investment with a projected -0.27% first-year return on $70,479 initial cash invested.

-0.27%

Cash On Cash

7%

Cap Rate

1.09

DSCR

$3,423

Rent

-$16

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,423 income − $3,439 expenses = $16 out of pocket

Income$3,423Out of Pocket$16Mortgage P&I$1,33639%Property Taxes$35010%Insurance$883%HOA$221%Management$51315%CapEx$1374%Maintenance$1374%Other$85625%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.0%

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

$3,423

Total Expenses

$3,439

Mortgage P&I

39%

$1,336

Property Taxes

10%

$350

Home Insurance

3%

$88

HOA

1%

$22

Property Management

15%

$513

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$856

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