REI Lense

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$2,446 (target)

214 E Main St, Lima, OH 45807

3 beds • 2 baths • 1616 sqft

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This property might be a fair Mid-Term investment with a projected 5.74% first-year return on $58,488 initial cash invested.

5.74%

Cash On Cash

9.09%

Cap Rate

1.35

DSCR

$2,446

Rent

$280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,446 income − $2,166 expenses = $280 cash flow

Income$2,446Mortgage P&I$1,08244%Property Taxes$1757%Insurance$773%Management$29412%CapEx$984%Vacancy$733%Maintenance$984%Other$26911%Cash Flow$280

Investment Breakdown

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Purchase Price

$193k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,488

Downpayment

20%

$38,560

Closing costs

1%

$1,928

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,446

Total Expenses

$2,166

Mortgage P&I

44%

$1,082

Property Taxes

7%

$175

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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