REI Lense

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$2,416 (target)

47 Norfolk Dr, Lexington, OH 44904

3 beds • 2 baths • 1104 sqft

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This property looks like a bad Mid-Term investment with a projected -4.31% first-year return on $79,425 initial cash invested.

-4.31%

Cash On Cash

5.34%

Cap Rate

0.87

DSCR

$2,416

Rent

-$285

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,416 income − $2,701 expenses = $285 out of pocket

Income$2,416Out of Pocket$285Mortgage P&I$1,49062%Property Taxes$28412%Insurance$1054%Management$29012%CapEx$974%Vacancy$723%Maintenance$974%Other$26611%

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,425

Downpayment

20%

$58,500

Closing costs

1%

$2,925

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,416

Total Expenses

$2,701

Mortgage P&I

62%

$1,490

Property Taxes

12%

$284

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$72

Maintenance

4%

$97

Other

11%

$266

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