REI Lense

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$1,669 (target)

2807 Rensselaer St, Springfield, OH 45503

3 beds • 3 baths • 2484 sqft

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This property looks like a bad Long-Term investment with a projected -11.05% first-year return on $60,900 initial cash invested.

-11.05%

Cash On Cash

4.03%

Cap Rate

0.67

DSCR

$1,669

Rent

-$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,669 income − $2,230 expenses = $561 out of pocket

Income$1,669Out of Pocket$561Mortgage P&I$1,45387%Property Taxes$24114%Insurance$1036%Management$16710%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,669

Total Expenses

$2,230

Mortgage P&I

87%

$1,453

Property Taxes

14%

$241

Home Insurance

6%

$103

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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