REI Lense

REI Lense

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$1,496 (target)

4444 Reno Rd, Springfield, OH 45503

3 beds • 2 baths • 1189 sqft

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This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $59,409 initial cash invested.

-11.88%

Cash On Cash

3.81%

Cap Rate

0.64

DSCR

$1,496

Rent

-$588

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,496 income − $2,084 expenses = $588 out of pocket

Income$1,496Out of Pocket$588Mortgage P&I$1,41294%Property Taxes$18012%Insurance$1027%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,409

Downpayment

20%

$56,580

Closing costs

1%

$2,829

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,496

Total Expenses

$2,084

Mortgage P&I

94%

$1,412

Property Taxes

12%

$180

Home Insurance

7%

$102

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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