REI Lense

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$2,704 (target)

8627 Tara Ct, Fort Wayne, IN 46825

3 beds • 2 baths • 1223 sqft

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This property might be a fair Mid-Term investment with a projected 2.11% first-year return on $68,400 initial cash invested.

2.11%

Cash On Cash

7.96%

Cap Rate

1.17

DSCR

$2,704

Rent

$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,704 income − $2,584 expenses = $120 cash flow

Income$2,704Mortgage P&I$1,36450%Property Taxes$1957%Insurance$843%HOA$231%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%Cash Flow$120

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,400

Downpayment

20%

$48,000

Closing costs

1%

$2,400

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,704

Total Expenses

$2,584

Mortgage P&I

50%

$1,364

Property Taxes

7%

$195

Home Insurance

3%

$84

HOA

1%

$23

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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