REI Lense

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$1,804 (target)

7430 Parliament Pl, Fort Wayne, IN 46835

3 beds • 2 baths • 1392 sqft

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This property might be a fair Long-Term investment with a projected 3.21% first-year return on $43,050 initial cash invested.

3.21%

Cash On Cash

7.83%

Cap Rate

1.18

DSCR

$1,804

Rent

$115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,804 income − $1,689 expenses = $115 cash flow

Income$1,804Mortgage P&I$1,13363%Property Taxes$9Insurance$724%HOA$7Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%Cash Flow$115

Investment Breakdown

|

Purchase Price

$205k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,050

Downpayment

20%

$41,000

Closing costs

1%

$2,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,804

Total Expenses

$1,689

Mortgage P&I

63%

$1,133

Property Taxes

1%

$9

Home Insurance

4%

$72

HOA

0%

$7

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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