REI Lense

REI Lense

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$1,611 (target)

47 Norfolk Dr, Lexington, OH 44904

3 beds • 2 baths • 1104 sqft

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This property looks like a bad Long-Term investment with a projected -13.44% first-year return on $61,425 initial cash invested.

-13.44%

Cash On Cash

3.62%

Cap Rate

0.59

DSCR

$1,611

Rent

-$688

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,611 income − $2,299 expenses = $688 out of pocket

Income$1,611Out of Pocket$688Mortgage P&I$1,49092%Property Taxes$28418%Insurance$1057%Management$16110%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,425

Downpayment

20%

$58,500

Closing costs

1%

$2,925

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,611

Total Expenses

$2,299

Mortgage P&I

92%

$1,490

Property Taxes

18%

$284

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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