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3234 Varsity Ln, Fort Wayne, IN 46805

3 beds • 2 baths • 1078 sqft

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This property looks like a bad Airbnb investment with a projected -1.68% first-year return on $57,879 initial cash invested.

-1.68%

Cash On Cash

6.52%

Cap Rate

1.01

DSCR

$2,304

Rent

-$81

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,304 income − $2,385 expenses = $81 out of pocket

Income$2,304Out of Pocket$81Mortgage P&I$1,02044%Property Taxes$1938%Insurance$663%Management$34615%CapEx$924%Maintenance$924%Other$57625%

Investment Breakdown

|

Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,879

Downpayment

20%

$37,980

Closing costs

1%

$1,899

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,304

Total Expenses

$2,385

Mortgage P&I

44%

$1,020

Property Taxes

8%

$193

Home Insurance

3%

$66

HOA

0%

$0

Property Management

15%

$346

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$576

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