REI Lense

REI Lense

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$2,028 (target)

507 Meadowridge Ave NW, Canton, OH 44708

3 beds • 2 baths • 1534 sqft

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This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $64,470 initial cash invested.

-9.12%

Cash On Cash

4.45%

Cap Rate

0.75

DSCR

$2,028

Rent

-$490

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,028 income − $2,518 expenses = $490 out of pocket

Income$2,028Out of Pocket$490Mortgage P&I$1,52875%Property Taxes$35518%Insurance$1085%Management$20310%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,470

Downpayment

20%

$61,400

Closing costs

1%

$3,070

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,028

Total Expenses

$2,518

Mortgage P&I

75%

$1,528

Property Taxes

18%

$355

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

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