REI Lense

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$2,594 (target)

5823 Ridgebury Blvd, Cleveland, OH 44124

3 beds • 2 baths • 1932 sqft

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This property looks like a bad Long-Term investment with a projected -10.12% first-year return on $73,290 initial cash invested.

-10.12%

Cash On Cash

4.4%

Cap Rate

0.72

DSCR

$2,594

Rent

-$618

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,594 income − $3,212 expenses = $618 out of pocket

Income$2,594Out of Pocket$618Mortgage P&I$1,76768%Property Taxes$64825%Insurance$1225%Management$25910%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,594

Total Expenses

$3,212

Mortgage P&I

68%

$1,767

Property Taxes

25%

$648

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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