REI Lense

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$2,502 (target)

2917 Mystic Ln, Springfield, OH 45503

3 beds • 2 baths • 1378 sqft

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This property might be a fair Mid-Term investment with a projected 7.3% first-year return on $58,719 initial cash invested.

7.3%

Cash On Cash

9.25%

Cap Rate

1.44

DSCR

$2,502

Rent

$357

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,502 income − $2,145 expenses = $357 cash flow

Income$2,502Mortgage P&I$1,03841%Property Taxes$1888%Insurance$693%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%Cash Flow$357

Investment Breakdown

|

Purchase Price

$194k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,719

Downpayment

20%

$38,780

Closing costs

1%

$1,939

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,502

Total Expenses

$2,145

Mortgage P&I

41%

$1,038

Property Taxes

8%

$188

Home Insurance

3%

$69

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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