REI Lense

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$2,529 (target)

4002 E Saddle Dr, Fort Wayne, IN 46804

3 beds • 2 baths • 1373 sqft

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This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $70,479 initial cash invested.

-2.57%

Cash On Cash

6.13%

Cap Rate

0.96

DSCR

$2,529

Rent

-$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,529 income − $2,680 expenses = $151 out of pocket

Income$2,529Out of Pocket$151Mortgage P&I$1,32652%Property Taxes$30712%Insurance$883%HOA$1004%Management$30312%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27811%

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,529

Total Expenses

$2,680

Mortgage P&I

52%

$1,326

Property Taxes

12%

$307

Home Insurance

3%

$88

HOA

4%

$100

Property Management

12%

$303

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$278

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