REI Lense

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$1,857 (target)

1120 Innisfallen Ave, Springfield, OH 45506

3 beds • 2 baths • 1156 sqft

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This property might be a fair Mid-Term investment with a projected 8.86% first-year return on $48,492 initial cash invested.

8.86%

Cash On Cash

9.98%

Cap Rate

1.56

DSCR

$1,857

Rent

$358

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,857 income − $1,499 expenses = $358 cash flow

Income$1,857Mortgage P&I$77642%Property Taxes$402%Insurance$523%Management$22312%CapEx$744%Vacancy$563%Maintenance$744%Other$20411%Cash Flow$358

Investment Breakdown

|

Purchase Price

$145k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,492

Downpayment

20%

$29,040

Closing costs

1%

$1,452

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,857

Total Expenses

$1,499

Mortgage P&I

42%

$776

Property Taxes

2%

$40

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$223

CapEx

4%

$74

Vacancy

3%

$56

Maintenance

4%

$74

Other

11%

$204

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