REI Lense

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$2,406 (target)

432 Melody Ln, Mansfield, OH 44905

3 beds • 2 baths • 1344 sqft

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This property might be a fair Mid-Term investment with a projected 1.83% first-year return on $72,138 initial cash invested.

1.83%

Cash On Cash

6.97%

Cap Rate

1.16

DSCR

$2,406

Rent

$110

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,406 income − $2,296 expenses = $110 cash flow

Income$2,406Mortgage P&I$1,29154%Property Taxes$944%Insurance$934%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%Cash Flow$110

Investment Breakdown

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Purchase Price

$258k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,138

Downpayment

20%

$51,560

Closing costs

1%

$2,578

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,406

Total Expenses

$2,296

Mortgage P&I

54%

$1,291

Property Taxes

4%

$94

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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