REI Lense

REI Lense

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$1,963 (target)

2823 Sherwood Dr, Lima, OH 45805

3 beds • 2 baths • 2029 sqft

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This property looks like a bad Long-Term investment with a projected -7.43% first-year return on $60,732 initial cash invested.

-7.43%

Cash On Cash

4.82%

Cap Rate

0.81

DSCR

$1,963

Rent

-$376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,963 income − $2,339 expenses = $376 out of pocket

Income$1,963Out of Pocket$376Mortgage P&I$1,44073%Property Taxes$28414%Insurance$1055%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,732

Downpayment

20%

$57,840

Closing costs

1%

$2,892

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,963

Total Expenses

$2,339

Mortgage P&I

73%

$1,440

Property Taxes

14%

$284

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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