REI Lense

REI Lense

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$1,304 (target)

2221 Myrtle Ave, Columbus, OH 43211

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $38,850 initial cash invested.

-8.15%

Cash On Cash

5.18%

Cap Rate

0.8

DSCR

$1,304

Rent

-$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,304 income − $1,568 expenses = $264 out of pocket

Income$1,304Out of Pocket$264Mortgage P&I$99877%Property Taxes$16713%Insurance$655%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,304

Total Expenses

$1,568

Mortgage P&I

77%

$998

Property Taxes

13%

$167

Home Insurance

5%

$65

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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