REI Lense

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$2,592 (target)

1609 Lafayette Ave, Middletown, OH 45044

3 beds • 2 baths • 1140 sqft

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This property might be a fair Mid-Term investment with a projected 5.75% first-year return on $63,213 initial cash invested.

5.75%

Cash On Cash

8.68%

Cap Rate

1.35

DSCR

$2,592

Rent

$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,592 income − $2,289 expenses = $303 cash flow

Income$2,592Mortgage P&I$1,15044%Property Taxes$1807%Insurance$773%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$303

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,213

Downpayment

20%

$43,060

Closing costs

1%

$2,153

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,592

Total Expenses

$2,289

Mortgage P&I

44%

$1,150

Property Taxes

7%

$180

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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