REI Lense

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$1,956 (target)

2221 Myrtle Ave, Columbus, OH 43211

3 beds • 2 baths • 1008 sqft

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This property might be a fair Mid-Term investment with a projected 1.29% first-year return on $56,850 initial cash invested.

1.29%

Cash On Cash

7.38%

Cap Rate

1.14

DSCR

$1,956

Rent

$61

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,956 income − $1,895 expenses = $61 cash flow

Income$1,956Mortgage P&I$99851%Property Taxes$1679%Insurance$653%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21511%Cash Flow$61

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,956

Total Expenses

$1,895

Mortgage P&I

51%

$998

Property Taxes

9%

$167

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$215

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