REI Lense

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$1,835 (target)

115 Ardmore Rd, Springfield, OH 45504

3 beds • 2 baths • 2112 sqft

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This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $69,783 initial cash invested.

-11.87%

Cash On Cash

3.78%

Cap Rate

0.64

DSCR

$1,835

Rent

-$690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,835 income − $2,525 expenses = $690 out of pocket

Income$1,835Out of Pocket$690Mortgage P&I$1,64590%Property Taxes$28315%Insurance$1196%Management$18410%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,783

Downpayment

20%

$66,460

Closing costs

1%

$3,323

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,835

Total Expenses

$2,525

Mortgage P&I

90%

$1,645

Property Taxes

15%

$283

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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