REI Lense

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$2,997 (target)

1097 Oak Tree Rd, Akron, OH 44320

3 beds • 3 baths • 3194 sqft

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This property looks like a bad Mid-Term investment with a projected -4.46% first-year return on $91,500 initial cash invested.

-4.46%

Cash On Cash

5.23%

Cap Rate

0.87

DSCR

$2,997

Rent

-$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,997 income − $3,337 expenses = $340 out of pocket

Income$2,997Out of Pocket$340Mortgage P&I$1,74458%Property Taxes$45115%Insurance$1224%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,997

Total Expenses

$3,337

Mortgage P&I

58%

$1,744

Property Taxes

15%

$451

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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