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$2,694 (target)

2023 W Elm St, Lima, OH 45805

3 beds • 2 baths • 1756 sqft

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This property might be a fair Mid-Term investment with a projected 8.6% first-year return on $60,714 initial cash invested.

8.6%

Cash On Cash

9.62%

Cap Rate

1.5

DSCR

$2,694

Rent

$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,694 income − $2,259 expenses = $435 cash flow

Income$2,694Mortgage P&I$1,08740%Property Taxes$1726%Insurance$843%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%Cash Flow$435

Investment Breakdown

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Purchase Price

$203k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,714

Downpayment

20%

$40,680

Closing costs

1%

$2,034

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,694

Total Expenses

$2,259

Mortgage P&I

40%

$1,087

Property Taxes

6%

$172

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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