12208 Shearwater Run Fort Wayne, IN 46845
3bd, 2ba | 1,531sqft | Built in 2009
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Initial Investment
$182,700
List Price: $180,000
Purchase Price
$180,000
Down Payment
100%
Rent
$1,275

Total Return
$59,317
Annualized Return
6.3%
Cap Rate
5.4%
Gross Yield
8.5%
Cash Flow
$9,332
Appreciation
2.0%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
08/09/2019 
Lease End
08/31/2020 
Lot Size
6,625 
HOA
$15/mo
Flood Risk
Not Required
  • 5-star neighborhood near highly-rated schools (8,8,10)
  • Leased through 8/31/2020
  • No immediate repairs per inspection report
  • Close to parks, shopping, and dining

Annual Financial Highlight
Expected Rent
$14,535
Expenses
-$3,203
Property Taxes
-$2,000
Loan Payments
$0

Net Cash Flow
$9,332
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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