REI Lense

REI Lense

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$2,259 (target)

649 Willard Ave, Lima, OH 45804

3 beds • 2 baths • 1534 sqft

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This property might be a fair Mid-Term investment with a projected 5% first-year return on $58,845 initial cash invested.

5%

Cash On Cash

8.64%

Cap Rate

1.31

DSCR

$2,259

Rent

$245

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,259 income − $2,014 expenses = $245 cash flow

Income$2,259Mortgage P&I$1,06547%Property Taxes$1125%Insurance$703%Management$27112%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$245

Investment Breakdown

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Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,845

Downpayment

20%

$38,900

Closing costs

1%

$1,945

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,259

Total Expenses

$2,014

Mortgage P&I

47%

$1,065

Property Taxes

5%

$112

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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