REI Lense

REI Lense

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$1,862 (target)

3232 Chancellor Dr, Fort Wayne, IN 46815

3 beds • 2 baths • 2486 sqft

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This property looks like a bad Long-Term investment with a projected -6.68% first-year return on $56,595 initial cash invested.

-6.68%

Cash On Cash

5.02%

Cap Rate

0.84

DSCR

$1,862

Rent

-$315

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,862 income − $2,177 expenses = $315 out of pocket

Income$1,862Out of Pocket$315Mortgage P&I$1,35073%Property Taxes$24713%Insurance$965%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,595

Downpayment

20%

$53,900

Closing costs

1%

$2,695

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,862

Total Expenses

$2,177

Mortgage P&I

73%

$1,350

Property Taxes

13%

$247

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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