REI Lense

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$2,086 (target)

370 Poorman Rd, Bellville, OH 44813

3 beds • 2 baths • 1092 sqft

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This property might be a fair Mid-Term investment with a projected 2.72% first-year return on $59,076 initial cash invested.

2.72%

Cash On Cash

7.87%

Cap Rate

1.2

DSCR

$2,086

Rent

$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,086 income − $1,952 expenses = $134 cash flow

Income$2,086Mortgage P&I$1,06551%Property Taxes$1095%Insurance$703%Management$25012%CapEx$834%Vacancy$633%Maintenance$834%Other$22911%Cash Flow$134

Investment Breakdown

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Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,076

Downpayment

20%

$39,120

Closing costs

1%

$1,956

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,086

Total Expenses

$1,952

Mortgage P&I

51%

$1,065

Property Taxes

5%

$109

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$250

CapEx

4%

$83

Vacancy

3%

$63

Maintenance

4%

$83

Other

11%

$229

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