REI Lense

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$1,994 (target)

515 N Firestone Blvd, Akron, OH 44301

3 beds • 2 baths • 1204 sqft

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This property might be a fair Mid-Term investment with a projected 2.38% first-year return on $49,983 initial cash invested.

2.38%

Cash On Cash

7.87%

Cap Rate

1.22

DSCR

$1,994

Rent

$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,994 income − $1,895 expenses = $99 cash flow

Income$1,994Mortgage P&I$82041%Property Taxes$34918%Insurance$482%Management$23912%CapEx$804%Vacancy$603%Maintenance$804%Other$21911%Cash Flow$99

Investment Breakdown

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Purchase Price

$152k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,983

Downpayment

20%

$30,460

Closing costs

1%

$1,523

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,994

Total Expenses

$1,895

Mortgage P&I

41%

$820

Property Taxes

18%

$349

Home Insurance

2%

$48

HOA

0%

$0

Property Management

12%

$239

CapEx

4%

$80

Vacancy

3%

$60

Maintenance

4%

$80

Other

11%

$219

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