REI Lense

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$2,751 (target)

115 Grand Ridge Rd, Howard, OH 43028

3 beds • 2 baths • 1588 sqft

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This property might be a fair Mid-Term investment with a projected 3.7% first-year return on $75,267 initial cash invested.

3.7%

Cash On Cash

7.85%

Cap Rate

1.24

DSCR

$2,751

Rent

$232

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,751 income − $2,519 expenses = $232 cash flow

Income$2,751Mortgage P&I$1,44252%Property Taxes$713%Insurance$703%Management$33012%CapEx$1104%Vacancy$833%Maintenance$1104%Other$30311%Cash Flow$232

Investment Breakdown

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Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,267

Downpayment

20%

$54,540

Closing costs

1%

$2,727

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,751

Total Expenses

$2,519

Mortgage P&I

52%

$1,442

Property Taxes

3%

$71

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$303

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