REI Lense

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$2,362 (target)

3984 Morningside Cir, Springfield, OH 45502

3 beds • 3 baths • 2230 sqft

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This property looks like a bad Long-Term investment with a projected -15.13% first-year return on $107k initial cash invested.

-15.13%

Cash On Cash

3.09%

Cap Rate

0.52

DSCR

$2,362

Rent

-$1,352

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,362 income − $3,714 expenses = $1,352 out of pocket

Income$2,362Out of Pocket$1,352Mortgage P&I$2,548108%Property Taxes$36816%Insurance$1848%Management$23610%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

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Purchase Price

$511k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$102k

Closing costs

1%

$5,106

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,362

Total Expenses

$3,714

Mortgage P&I

108%

$2,548

Property Taxes

16%

$368

Home Insurance

8%

$184

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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