REI Lense

REI Lense

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$2,685 (target)

205 Marita Dr, Mount Vernon, OH 43050

3 beds • 2 baths • 2376 sqft

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This property looks like a bad Mid-Term investment with a projected -2.47% first-year return on $83,940 initial cash invested.

-2.47%

Cash On Cash

5.78%

Cap Rate

0.96

DSCR

$2,685

Rent

-$173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,685 income − $2,858 expenses = $173 out of pocket

Income$2,685Out of Pocket$173Mortgage P&I$1,57959%Property Taxes$2559%Insurance$1124%Management$32212%CapEx$1074%Vacancy$813%Maintenance$1074%Other$29511%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,940

Downpayment

20%

$62,800

Closing costs

1%

$3,140

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,685

Total Expenses

$2,858

Mortgage P&I

59%

$1,579

Property Taxes

10%

$255

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

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