REI Lense

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$1,553 (target)

303 W Mechanic St, Wapakoneta, OH 45895

3 beds • 2 baths • 1760 sqft

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This property looks like a bad Long-Term investment with a projected -5.45% first-year return on $45,612 initial cash invested.

-5.45%

Cash On Cash

5.92%

Cap Rate

0.89

DSCR

$1,553

Rent

-$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,553 income − $1,760 expenses = $207 out of pocket

Income$1,553Out of Pocket$207Mortgage P&I$1,20077%Property Taxes$745%Insurance$825%Management$15510%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$217k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,612

Downpayment

20%

$43,440

Closing costs

1%

$2,172

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,553

Total Expenses

$1,760

Mortgage P&I

77%

$1,200

Property Taxes

5%

$74

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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