REI Lense

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$4,004 (target)

6214 Melan Cv, Fort Wayne, IN 46835

3 beds • 3 baths • 2478 sqft

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This property might be a fair Mid-Term investment with a projected 3.73% first-year return on $92,130 initial cash invested.

3.73%

Cash On Cash

8.08%

Cap Rate

1.23

DSCR

$4,004

Rent

$286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,004 income − $3,718 expenses = $286 cash flow

Income$4,004Mortgage P&I$1,93048%Property Taxes$2747%Insurance$1253%HOA$291%Management$48012%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44011%Cash Flow$286

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,130

Downpayment

20%

$70,600

Closing costs

1%

$3,530

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,004

Total Expenses

$3,718

Mortgage P&I

48%

$1,930

Property Taxes

7%

$274

Home Insurance

3%

$125

HOA

1%

$29

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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