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$2,045 (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 Long-Term investment with a projected -11.67% first-year return on $64,470 initial cash invested.

-11.67%

Cash On Cash

4.11%

Cap Rate

0.67

DSCR

$2,045

Rent

-$627

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,045 income − $2,672 expenses = $627 out of pocket

Income$2,045Out of Pocket$627Mortgage P&I$1,57777%Property Taxes$42421%Insurance$1075%HOA$332%Management$20410%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,470

Downpayment

20%

$61,400

Closing costs

1%

$3,070

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,045

Total Expenses

$2,672

Mortgage P&I

77%

$1,577

Property Taxes

21%

$424

Home Insurance

5%

$107

HOA

2%

$33

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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