REI Lense

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$2,944 (target)

2823 Sherwood Dr, Lima, OH 45805

3 beds • 2 baths • 2029 sqft

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This property might be a fair Mid-Term investment with a projected 1.74% first-year return on $78,732 initial cash invested.

1.74%

Cash On Cash

6.94%

Cap Rate

1.16

DSCR

$2,944

Rent

$114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,944 income − $2,830 expenses = $114 cash flow

Income$2,944Mortgage P&I$1,44049%Property Taxes$28410%Insurance$1054%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%Cash Flow$114

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,732

Downpayment

20%

$57,840

Closing costs

1%

$2,892

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,944

Total Expenses

$2,830

Mortgage P&I

49%

$1,440

Property Taxes

10%

$284

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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