REI Lense

REI Lense

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$1,585 (target)

404 W Northern Ave, Lima, OH 45801

3 beds • 2 baths • 1428 sqft

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This property looks like a bad Long-Term investment with a projected -6.46% first-year return on $45,129 initial cash invested.

-6.46%

Cash On Cash

5.82%

Cap Rate

0.86

DSCR

$1,585

Rent

-$243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,585 income − $1,828 expenses = $243 out of pocket

Income$1,585Out of Pocket$243Mortgage P&I$1,20676%Property Taxes$1369%Insurance$755%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,129

Downpayment

20%

$42,980

Closing costs

1%

$2,149

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,585

Total Expenses

$1,828

Mortgage P&I

76%

$1,206

Property Taxes

9%

$136

Home Insurance

5%

$75

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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