REI Lense

REI Lense

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$1,536 (target)

602 Ohio Ave, Fairmont, WV 26554

3 beds • 2 baths • 1100 sqft

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This property looks like a bad Long-Term investment with a projected -4.87% first-year return on $43,575 initial cash invested.

-4.87%

Cash On Cash

6.05%

Cap Rate

0.91

DSCR

$1,536

Rent

-$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,536 income − $1,713 expenses = $177 out of pocket

Income$1,536Out of Pocket$177Mortgage P&I$1,14775%Property Taxes$936%Insurance$735%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$208k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,575

Downpayment

20%

$41,500

Closing costs

1%

$2,075

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,536

Total Expenses

$1,713

Mortgage P&I

75%

$1,147

Property Taxes

6%

$93

Home Insurance

5%

$73

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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