REI Lense

REI Lense

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$1,790 (target)

2341 Shrine Rd, Springfield, OH 45502

3 beds • 2 baths • 1408 sqft

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This property looks like a bad Long-Term investment with a projected -8.61% first-year return on $55,629 initial cash invested.

-8.61%

Cash On Cash

4.62%

Cap Rate

0.77

DSCR

$1,790

Rent

-$399

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,790 income − $2,189 expenses = $399 out of pocket

Income$1,790Out of Pocket$399Mortgage P&I$1,32974%Property Taxes$30017%Insurance$945%Management$17910%CapEx$905%Vacancy$1076%Maintenance$905%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,790

Total Expenses

$2,189

Mortgage P&I

74%

$1,329

Property Taxes

17%

$300

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$107

Maintenance

5%

$90

Other

0%

$0

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