REI Lense

REI Lense

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$2,470 (target)

1409 Broadway, Piqua, OH 45356

3 beds • 2 baths • 2180 sqft

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This property looks like a bad Mid-Term investment with a projected -7.08% first-year return on $96,750 initial cash invested.

-7.08%

Cash On Cash

4.48%

Cap Rate

0.75

DSCR

$2,470

Rent

-$571

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,470 income − $3,041 expenses = $571 out of pocket

Income$2,470Out of Pocket$571Mortgage P&I$1,87276%Property Taxes$1988%Insurance$1315%Management$29612%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,470

Total Expenses

$3,041

Mortgage P&I

76%

$1,872

Property Taxes

8%

$198

Home Insurance

5%

$131

HOA

0%

$0

Property Management

12%

$296

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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