REI Lense

REI Lense

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$1,406 (target)

618 Ravine Ave, Defiance, OH 43512

3 beds • 2 baths • 1160 sqft

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This property might be a fair Long-Term investment with a projected 4.68% first-year return on $30,030 initial cash invested.

4.68%

Cash On Cash

7.97%

Cap Rate

1.25

DSCR

$1,406

Rent

$117

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,406 income − $1,289 expenses = $117 cash flow

Income$1,406Mortgage P&I$76354%Property Taxes$1158%Insurance$463%Management$14110%CapEx$705%Vacancy$846%Maintenance$705%Cash Flow$117

Investment Breakdown

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Purchase Price

$143k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$30,030

Downpayment

20%

$28,600

Closing costs

1%

$1,430

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,406

Total Expenses

$1,289

Mortgage P&I

54%

$763

Property Taxes

8%

$115

Home Insurance

3%

$46

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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