REI Lense

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$2,640 (target)

2509 Grand Canyon Corridor, Fort Wayne, IN 46808

3 beds • 2 baths • 1384 sqft

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This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $70,479 initial cash invested.

-0.92%

Cash On Cash

6.67%

Cap Rate

1.04

DSCR

$2,640

Rent

-$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,640 income − $2,694 expenses = $54 out of pocket

Income$2,640Out of Pocket$54Mortgage P&I$1,33651%Property Taxes$35013%Insurance$883%HOA$221%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29011%

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

$2,640

Total Expenses

$2,694

Mortgage P&I

51%

$1,336

Property Taxes

13%

$350

Home Insurance

3%

$88

HOA

1%

$22

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$290

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