REI Lense

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$2,229 (target)

2700 Edna Ln, Springfield, OH 45503

3 beds • 3 baths • 1182 sqft

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This property might be a fair Mid-Term investment with a projected 2.17% first-year return on $59,160 initial cash invested.

2.17%

Cash On Cash

7.97%

Cap Rate

1.18

DSCR

$2,229

Rent

$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,229 income − $2,122 expenses = $107 cash flow

Income$2,229Mortgage P&I$1,10550%Property Taxes$1818%Insurance$794%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%Cash Flow$107

Investment Breakdown

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Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,160

Downpayment

20%

$39,200

Closing costs

1%

$1,960

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,229

Total Expenses

$2,122

Mortgage P&I

50%

$1,105

Property Taxes

8%

$181

Home Insurance

4%

$79

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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