REI Lense

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$2,304 (target)

602 Ohio Ave, Fairmont, WV 26554

3 beds • 2 baths • 1100 sqft

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This property might be a fair Mid-Term investment with a projected 4.07% first-year return on $61,575 initial cash invested.

4.07%

Cash On Cash

8.37%

Cap Rate

1.26

DSCR

$2,304

Rent

$209

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,304 income − $2,095 expenses = $209 cash flow

Income$2,304Mortgage P&I$1,14750%Property Taxes$934%Insurance$733%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%Cash Flow$209

Investment Breakdown

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Purchase Price

$208k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,575

Downpayment

20%

$41,500

Closing costs

1%

$2,075

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,304

Total Expenses

$2,095

Mortgage P&I

50%

$1,147

Property Taxes

4%

$93

Home Insurance

3%

$73

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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