REI Lense

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$2,746 (target)

1641 Sierra Ave, Springfield, OH 45503

3 beds • 2 baths • 1597 sqft

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This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $85,221 initial cash invested.

-5.28%

Cash On Cash

5.65%

Cap Rate

0.85

DSCR

$2,746

Rent

-$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,746 income − $3,121 expenses = $375 out of pocket

Income$2,746Out of Pocket$375Mortgage P&I$1,77164%Property Taxes$30211%Insurance$1144%Management$33012%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30211%

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,221

Downpayment

20%

$64,020

Closing costs

1%

$3,201

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,746

Total Expenses

$3,121

Mortgage P&I

64%

$1,771

Property Taxes

11%

$302

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$302

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