REI Lense

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$2,924 (target)

1771 Plainfield Dr, Lima, OH 45805

3 beds • 2 baths • 1512 sqft

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This property might be a fair Mid-Term investment with a projected 9.82% first-year return on $63,024 initial cash invested.

9.82%

Cash On Cash

9.92%

Cap Rate

1.56

DSCR

$2,924

Rent

$516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,924 income − $2,408 expenses = $516 cash flow

Income$2,924Mortgage P&I$1,14039%Property Taxes$1967%Insurance$773%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%Cash Flow$516

Investment Breakdown

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Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,024

Downpayment

20%

$42,880

Closing costs

1%

$2,144

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,924

Total Expenses

$2,408

Mortgage P&I

39%

$1,140

Property Taxes

7%

$196

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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