REI Lense

REI Lense

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$1,994 (target)

6421 Spy Glass Run, Fort Wayne, IN 46804

3 beds • 2 baths • 1766 sqft

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This property looks like a bad Long-Term investment with a projected -9.75% first-year return on $60,039 initial cash invested.

-9.75%

Cash On Cash

4.3%

Cap Rate

0.73

DSCR

$1,994

Rent

-$488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$286k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,039

Downpayment

20%

$57,180

Closing costs

1%

$2,859

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,994

Total Expenses

$2,482

Mortgage P&I

71%

$1,413

Property Taxes

22%

$435

Home Insurance

5%

$100

HOA

1%

$15

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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