REI Lense

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$1,632 (target)

2423 Hillside Ave, Springfield, OH 45503

3 beds • 2 baths • 944 sqft

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This property looks like a bad Mid-Term investment with a projected -0.4% first-year return on $54,225 initial cash invested.

-0.4%

Cash On Cash

6.67%

Cap Rate

1.05

DSCR

$1,632

Rent

-$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,632 income − $1,650 expenses = $18 out of pocket

Income$1,632Out of Pocket$18Mortgage P&I$91256%Property Taxes$1227%Insurance$614%Management$19612%CapEx$654%Vacancy$493%Maintenance$654%Other$18011%

Investment Breakdown

|

Purchase Price

$173k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,225

Downpayment

20%

$34,500

Closing costs

1%

$1,725

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,632

Total Expenses

$1,650

Mortgage P&I

56%

$912

Property Taxes

7%

$122

Home Insurance

4%

$61

HOA

0%

$0

Property Management

12%

$196

CapEx

4%

$65

Vacancy

3%

$49

Maintenance

4%

$65

Other

11%

$180

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