REI Lense

REI Lense

$2,433 (target)

46 Columbus Rd, Mount Vernon, OH 43050

3 beds • 2 baths • 1360 sqft

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This property could be a profitable Mid-Term investment with a projected 13.67% first-year return on $51,264 initial cash invested.

13.67%

Cash On Cash

11.79%

Cap Rate

1.78

DSCR

$2,433

Rent

$584

Cashflow

Cash Flow

$2,433 income − $1,849 expenses = $584 cash flow

Income$2,433P&I$87536%Taxes$874%Insurance$602%Mgmt$29212%CapEx$974%Vacancy$733%Maint.$974%Other$26811%Cash Flow$584

Investment Breakdown

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Purchase Price

$158k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,264

Downpayment

20%

$31,680

Closing costs

1%

$1,584

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,433

Total Expenses

$1,849

Mortgage P&I

36%

$875

Property Taxes

4%

$87

Home Insurance

2%

$60

HOA

0%

$0

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

See Mount Vernon, OH mid-term rental market →

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