REI Lense

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$2,426 (target)

3406 Van Orman Dr, Fort Wayne, IN 46804

3 beds • 2 baths • 1824 sqft

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This property looks like a bad Mid-Term investment with a projected -6.1% first-year return on $86,229 initial cash invested.

-6.1%

Cash On Cash

5.03%

Cap Rate

0.8

DSCR

$2,426

Rent

-$438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,426 income − $2,864 expenses = $438 out of pocket

Income$2,426Out of Pocket$438Mortgage P&I$1,70270%Property Taxes$2239%Insurance$1145%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,426

Total Expenses

$2,864

Mortgage P&I

70%

$1,702

Property Taxes

9%

$223

Home Insurance

5%

$114

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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