REI Lense

REI Lense

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$2,322 (target)

6390 Spencerville Rd, Lima, OH 45806

3 beds • 2 baths • 1863 sqft

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This property might be a fair Long-Term investment with a projected 3.46% first-year return on $53,760 initial cash invested.

3.46%

Cash On Cash

7.21%

Cap Rate

1.21

DSCR

$2,322

Rent

$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,322 income − $2,167 expenses = $155 cash flow

Income$2,322Mortgage P&I$1,26755%Property Taxes$1928%Insurance$1055%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%Cash Flow$155

Investment Breakdown

|

Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,760

Downpayment

20%

$51,200

Closing costs

1%

$2,560

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,322

Total Expenses

$2,167

Mortgage P&I

55%

$1,267

Property Taxes

8%

$192

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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