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601 Choctaw Pass, Fort Wayne, IN 46825

3 beds • 3 baths • 3994 sqft

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This property looks like a bad Airbnb investment with a projected -19.49% first-year return on $155k initial cash invested.

-19.49%

Cash On Cash

1.72%

Cap Rate

0.28

DSCR

$3,143

Rent

-$2,525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,143 income − $5,668 expenses = $2,525 out of pocket

Income$3,143Out of Pocket$2,525Mortgage P&I$3,338106%Property Taxes$56418%Insurance$2408%HOA$171%Management$47115%CapEx$1264%Maintenance$1264%Other$78625%

Investment Breakdown

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Purchase Price

$655k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$131k

Closing costs

1%

$6,545

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,143

Total Expenses

$5,668

Mortgage P&I

106%

$3,338

Property Taxes

18%

$564

Home Insurance

8%

$240

HOA

1%

$17

Property Management

15%

$471

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$786

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