REI Lense

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$2,790 (target)

1440 Selma Rd, Springfield, OH 45505

3 beds • 2 baths • 1894 sqft

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This property might be a fair Mid-Term investment with a projected 9.46% first-year return on $59,979 initial cash invested.

9.46%

Cash On Cash

10.12%

Cap Rate

1.53

DSCR

$2,790

Rent

$473

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,790 income − $2,317 expenses = $473 cash flow

Income$2,790Mortgage P&I$1,10139%Property Taxes$1967%Insurance$703%Management$33512%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30711%Cash Flow$473

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,790

Total Expenses

$2,317

Mortgage P&I

39%

$1,101

Property Taxes

7%

$196

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$335

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$307

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