REI Lense

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$1,233 (target)

3338 E 119th St, Cleveland, OH 44120

3 beds • 3 baths • 2090 sqft

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This property could be a profitable Long-Term investment with a projected 52.88% first-year return on $11,256 initial cash invested.

52.88%

Cash On Cash

18.6%

Cap Rate

3.04

DSCR

$1,233

Rent

$496

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,233 income − $737 expenses = $496 cash flow

Income$1,233Mortgage P&I$27322%Property Taxes$1038%Insurance$403%Management$12310%CapEx$625%Vacancy$746%Maintenance$625%Cash Flow$496

Investment Breakdown

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Purchase Price

$53,600

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$11,256

Downpayment

20%

$10,720

Closing costs

1%

$536

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,233

Total Expenses

$737

Mortgage P&I

22%

$273

Property Taxes

8%

$103

Home Insurance

3%

$40

HOA

0%

$0

Property Management

10%

$123

CapEx

5%

$62

Vacancy

6%

$74

Maintenance

5%

$62

Other

0%

$0

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