REI Lense

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$2,079 (target)

218 Forrest Ave, Springfield, OH 45505

3 beds • 2 baths • 2196 sqft

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This property might be a fair Mid-Term investment with a projected 4.84% first-year return on $55,779 initial cash invested.

4.84%

Cash On Cash

8.6%

Cap Rate

1.31

DSCR

$2,079

Rent

$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,079 income − $1,854 expenses = $225 cash flow

Income$2,079Mortgage P&I$98147%Property Taxes$1045%Insurance$633%Management$24912%CapEx$834%Vacancy$623%Maintenance$834%Other$22911%Cash Flow$225

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,079

Total Expenses

$1,854

Mortgage P&I

47%

$981

Property Taxes

5%

$104

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$249

CapEx

4%

$83

Vacancy

3%

$62

Maintenance

4%

$83

Other

11%

$229

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