REI Lense

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$2,882 (target)

2299 N Wapak Rd, Lima, OH 45807

3 beds • 2 baths • 2392 sqft

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This property looks like a bad Mid-Term investment with a projected -8.79% first-year return on $111k initial cash invested.

-8.79%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$2,882

Rent

-$816

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,882 income − $3,698 expenses = $816 out of pocket

Income$2,882Out of Pocket$816Mortgage P&I$2,23377%Property Taxes$33011%Insurance$1565%Management$34612%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%

Investment Breakdown

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Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$89,000

Closing costs

1%

$4,450

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,882

Total Expenses

$3,698

Mortgage P&I

77%

$2,233

Property Taxes

11%

$330

Home Insurance

5%

$156

HOA

0%

$0

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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