REI Lense

REI Lense

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$1,668 (target)

2917 Mystic Ln, Springfield, OH 45503

3 beds • 2 baths • 1378 sqft

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This property looks like a bad Long-Term investment with a projected -1.77% first-year return on $40,719 initial cash invested.

-1.77%

Cash On Cash

6.57%

Cap Rate

1.02

DSCR

$1,668

Rent

-$60

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,668 income − $1,728 expenses = $60 out of pocket

Income$1,668Out of Pocket$60Mortgage P&I$1,03862%Property Taxes$18811%Insurance$694%Management$16710%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$194k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,719

Downpayment

20%

$38,780

Closing costs

1%

$1,939

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,668

Total Expenses

$1,728

Mortgage P&I

62%

$1,038

Property Taxes

11%

$188

Home Insurance

4%

$69

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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