REI Lense

REI Lense

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$1,796 (target)

2023 W Elm St, Lima, OH 45805

3 beds • 2 baths • 1756 sqft

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This property looks like a bad Long-Term investment with a projected -0.42% first-year return on $42,714 initial cash invested.

-0.42%

Cash On Cash

6.86%

Cap Rate

1.07

DSCR

$1,796

Rent

-$15

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,796 income − $1,811 expenses = $15 out of pocket

Income$1,796Out of Pocket$15Mortgage P&I$1,08761%Property Taxes$17210%Insurance$845%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$203k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,714

Downpayment

20%

$40,680

Closing costs

1%

$2,034

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,796

Total Expenses

$1,811

Mortgage P&I

61%

$1,087

Property Taxes

10%

$172

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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