REI Lense

REI Lense

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$1,386 (target)

218 Forrest Ave, Springfield, OH 45505

3 beds • 2 baths • 2196 sqft

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This property looks like a bad Long-Term investment with a projected -3.88% first-year return on $37,779 initial cash invested.

-3.88%

Cash On Cash

6.19%

Cap Rate

0.95

DSCR

$1,386

Rent

-$122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,386 income − $1,508 expenses = $122 out of pocket

Income$1,386Out of Pocket$122Mortgage P&I$98171%Property Taxes$1048%Insurance$635%Management$13910%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,386

Total Expenses

$1,508

Mortgage P&I

71%

$981

Property Taxes

8%

$104

Home Insurance

5%

$63

HOA

0%

$0

Property Management

10%

$139

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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