REI Lense

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$2,752 (target)

115 Ardmore Rd, Springfield, OH 45504

3 beds • 2 baths • 2112 sqft

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This property looks like a bad Mid-Term investment with a projected -3.16% first-year return on $87,783 initial cash invested.

-3.16%

Cash On Cash

5.5%

Cap Rate

0.93

DSCR

$2,752

Rent

-$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,752 income − $2,983 expenses = $231 out of pocket

Income$2,752Out of Pocket$231Mortgage P&I$1,64560%Property Taxes$28310%Insurance$1194%Management$33012%CapEx$1104%Vacancy$833%Maintenance$1104%Other$30311%

Investment Breakdown

|

Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,783

Downpayment

20%

$66,460

Closing costs

1%

$3,323

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,752

Total Expenses

$2,983

Mortgage P&I

60%

$1,645

Property Taxes

10%

$283

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$303

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