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$3,068 (target)

2710 Covington Pines Pl, Fort Wayne, IN 46804

3 beds • 2 baths • 1882 sqft

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This property looks like a bad Mid-Term investment with a projected -1.69% first-year return on $82,470 initial cash invested.

-1.69%

Cash On Cash

6.19%

Cap Rate

1

DSCR

$3,068

Rent

-$116

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,068 income − $3,184 expenses = $116 out of pocket

Income$3,068Out of Pocket$116Mortgage P&I$1,57751%Property Taxes$42414%Insurance$1073%HOA$331%Management$36812%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33711%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,470

Downpayment

20%

$61,400

Closing costs

1%

$3,070

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,068

Total Expenses

$3,184

Mortgage P&I

51%

$1,577

Property Taxes

14%

$424

Home Insurance

3%

$107

HOA

1%

$33

Property Management

12%

$368

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$337

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