REI Lense

REI Lense

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$1,949 (target)

1771 Plainfield Dr, Lima, OH 45805

3 beds • 2 baths • 1512 sqft

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This property might be a fair Long-Term investment with a projected 0.8% first-year return on $45,024 initial cash invested.

0.8%

Cash On Cash

7.09%

Cap Rate

1.11

DSCR

$1,949

Rent

$30

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,949 income − $1,919 expenses = $30 cash flow

Income$1,949Mortgage P&I$1,14058%Property Taxes$19610%Insurance$774%Management$19510%CapEx$975%Vacancy$1176%Maintenance$975%Cash Flow$30

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,024

Downpayment

20%

$42,880

Closing costs

1%

$2,144

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,949

Total Expenses

$1,919

Mortgage P&I

58%

$1,140

Property Taxes

10%

$196

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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