REI Lense

REI Lense

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$1,506 (target)

649 Willard Ave, Lima, OH 45804

3 beds • 2 baths • 1534 sqft

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This property looks like a bad Long-Term investment with a projected -3.88% first-year return on $40,845 initial cash invested.

-3.88%

Cash On Cash

6.22%

Cap Rate

0.95

DSCR

$1,506

Rent

-$132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,506 income − $1,638 expenses = $132 out of pocket

Income$1,506Out of Pocket$132Mortgage P&I$1,06571%Property Taxes$1127%Insurance$705%Management$15110%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,845

Downpayment

20%

$38,900

Closing costs

1%

$1,945

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,506

Total Expenses

$1,638

Mortgage P&I

71%

$1,065

Property Taxes

7%

$112

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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