REI Lense

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$1,671 (target)

1627 Woodward Ave, Springfield, OH 45506

3 beds • 2 baths • 2016 sqft

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This property could be a profitable Long-Term investment with a projected 42.17% first-year return on $18,438 initial cash invested.

42.17%

Cash On Cash

16.76%

Cap Rate

2.48

DSCR

$1,671

Rent

$648

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,671 income − $1,023 expenses = $648 cash flow

Income$1,671Mortgage P&I$49430%Property Taxes$604%Insurance$342%Management$16710%CapEx$845%Vacancy$1006%Maintenance$845%Cash Flow$648

Investment Breakdown

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Purchase Price

$87,800

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$18,438

Downpayment

20%

$17,560

Closing costs

1%

$878

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,671

Total Expenses

$1,023

Mortgage P&I

30%

$494

Property Taxes

4%

$60

Home Insurance

2%

$34

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$84

Vacancy

6%

$100

Maintenance

5%

$84

Other

0%

$0

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