REI Lense

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$2,378 (target)

404 W Northern Ave, Lima, OH 45801

3 beds • 2 baths • 1428 sqft

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This property might be a fair Mid-Term investment with a projected 2.91% first-year return on $63,129 initial cash invested.

2.91%

Cash On Cash

8.12%

Cap Rate

1.21

DSCR

$2,378

Rent

$153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,378 income − $2,225 expenses = $153 cash flow

Income$2,378Mortgage P&I$1,20651%Property Taxes$1366%Insurance$753%Management$28512%CapEx$954%Vacancy$713%Maintenance$954%Other$26211%Cash Flow$153

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,129

Downpayment

20%

$42,980

Closing costs

1%

$2,149

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,378

Total Expenses

$2,225

Mortgage P&I

51%

$1,206

Property Taxes

6%

$136

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$285

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$262

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