REI Lense

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$2,781 (target)

2271 Ridgewood Ct, Ashland, OH 44805

3 beds • 3 baths • 1688 sqft

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This property looks like a bad Mid-Term investment with a projected -5.75% first-year return on $96,288 initial cash invested.

-5.75%

Cash On Cash

5.05%

Cap Rate

0.82

DSCR

$2,781

Rent

-$461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,781 income − $3,242 expenses = $461 out of pocket

Income$2,781Out of Pocket$461Mortgage P&I$1,92069%Property Taxes$2419%Insurance$1365%Management$33412%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30611%

Investment Breakdown

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Purchase Price

$373k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,288

Downpayment

20%

$74,560

Closing costs

1%

$3,728

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,781

Total Expenses

$3,242

Mortgage P&I

69%

$1,920

Property Taxes

9%

$241

Home Insurance

5%

$136

HOA

0%

$0

Property Management

12%

$334

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$306

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