REI Lense

REI Lense

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$1,709 (target)

5943 Elk Creek Rd, Middletown, OH 45042

3 beds • 2 baths • 1080 sqft

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This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $55,923 initial cash invested.

-11.8%

Cash On Cash

4.58%

Cap Rate

0.69

DSCR

$1,709

Rent

-$550

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,709 income − $2,259 expenses = $550 out of pocket

Income$1,709Out of Pocket$550Mortgage P&I$1,48187%Property Taxes$24014%Insurance$946%Management$17110%CapEx$855%Vacancy$1036%Maintenance$855%

Investment Breakdown

|

Purchase Price

$266k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,923

Downpayment

20%

$53,260

Closing costs

1%

$2,663

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,709

Total Expenses

$2,259

Mortgage P&I

87%

$1,481

Property Taxes

14%

$240

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$103

Maintenance

5%

$85

Other

0%

$0

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