REI Lense

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$1,303 (target)

1273 Pondview Ave, Akron, OH 44305

3 beds • 2 baths • 1394 sqft

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This property looks like a bad Long-Term investment with a projected -2.52% first-year return on $30,975 initial cash invested.

-2.52%

Cash On Cash

6.56%

Cap Rate

1

DSCR

$1,303

Rent

-$65

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,303 income − $1,368 expenses = $65 out of pocket

Income$1,303Out of Pocket$65Mortgage P&I$80662%Property Taxes$17213%Insurance$524%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$148k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$30,975

Downpayment

20%

$29,500

Closing costs

1%

$1,475

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,303

Total Expenses

$1,368

Mortgage P&I

62%

$806

Property Taxes

13%

$172

Home Insurance

4%

$52

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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