REI Lense

REI Lense

$1,359 (target)

1 Ridgewood Ave, Mount Vernon, OH 43050

3 beds • 2 baths • 1656 sqft

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This property might be a fair Long-Term investment with a projected 0.87% first-year return on $34,650 initial cash invested.

0.87%

Cash On Cash

7.31%

Cap Rate

1.1

DSCR

$1,359

Rent

$25

Cashflow

Cash Flow

$1,359 income − $1,334 expenses = $25 cash flow

Income$1,359P&I$91267%Taxes$101%Insurance$584%Mgmt$13610%CapEx$685%Vacancy$826%Maint.$685%Cash Flow$25

Investment Breakdown

|

Purchase Price

$165k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,650

Downpayment

20%

$33,000

Closing costs

1%

$1,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,359

Total Expenses

$1,334

Mortgage P&I

67%

$912

Property Taxes

1%

$10

Home Insurance

4%

$58

HOA

0%

$0

Property Management

10%

$136

CapEx

5%

$68

Vacancy

6%

$82

Maintenance

5%

$68

Other

0%

$0

See Mount Vernon, OH long-term rental market →

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