REI Lense

REI Lense

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$1,308 (target)

10606 Reno Ave, Cleveland, OH 44105

3 beds • 2 baths • sqft

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This property might be a fair Long-Term investment with a projected 3.55% first-year return on $26,712 initial cash invested.

3.55%

Cash On Cash

7.92%

Cap Rate

1.21

DSCR

$1,308

Rent

$79

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,308 income − $1,229 expenses = $79 cash flow

Income$1,308Mortgage P&I$69653%Property Taxes$14811%Insurance$464%Management$13110%CapEx$655%Vacancy$786%Maintenance$655%Cash Flow$79

Investment Breakdown

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Purchase Price

$127k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$26,712

Downpayment

20%

$25,440

Closing costs

1%

$1,272

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,308

Total Expenses

$1,229

Mortgage P&I

53%

$696

Property Taxes

11%

$148

Home Insurance

4%

$46

HOA

0%

$0

Property Management

10%

$131

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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