REI Lense

REI Lense

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$2,244 (target)

4444 Reno Rd, Springfield, OH 45503

3 beds • 2 baths • 1189 sqft

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This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $77,409 initial cash invested.

-3.3%

Cash On Cash

5.47%

Cap Rate

0.91

DSCR

$2,244

Rent

-$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,244 income − $2,457 expenses = $213 out of pocket

Income$2,244Out of Pocket$213Mortgage P&I$1,41263%Property Taxes$1808%Insurance$1025%Management$26912%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%

Investment Breakdown

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Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,409

Downpayment

20%

$56,580

Closing costs

1%

$2,829

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,244

Total Expenses

$2,457

Mortgage P&I

63%

$1,412

Property Taxes

8%

$180

Home Insurance

5%

$102

HOA

0%

$0

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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