REI Lense

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$1,998 (target)

1097 Oak Tree Rd, Akron, OH 44320

3 beds • 3 baths • 3194 sqft

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This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $73,500 initial cash invested.

-13.7%

Cash On Cash

3.45%

Cap Rate

0.58

DSCR

$1,998

Rent

-$839

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,998 income − $2,837 expenses = $839 out of pocket

Income$1,998Out of Pocket$839Mortgage P&I$1,74487%Property Taxes$45123%Insurance$1226%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,998

Total Expenses

$2,837

Mortgage P&I

87%

$1,744

Property Taxes

23%

$451

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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