REI Lense

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$2,504 (target)

2807 Rensselaer St, Springfield, OH 45503

3 beds • 3 baths • 2484 sqft

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This property looks like a bad Mid-Term investment with a projected -2.17% first-year return on $78,900 initial cash invested.

-2.17%

Cash On Cash

5.83%

Cap Rate

0.97

DSCR

$2,504

Rent

-$143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,504 income − $2,647 expenses = $143 out of pocket

Income$2,504Out of Pocket$143Mortgage P&I$1,45358%Property Taxes$24110%Insurance$1034%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,504

Total Expenses

$2,647

Mortgage P&I

58%

$1,453

Property Taxes

10%

$241

Home Insurance

4%

$103

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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