REI Lense

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$1,726 (target)

6906 Michelle Pl, Englewood, OH 45322

3 beds • 2 baths • 1480 sqft

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This property looks like a bad Long-Term investment with a projected -10.25% first-year return on $54,348 initial cash invested.

-10.25%

Cash On Cash

4.62%

Cap Rate

0.73

DSCR

$1,726

Rent

-$464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,726 income − $2,190 expenses = $464 out of pocket

Income$1,726Out of Pocket$464Mortgage P&I$1,37580%Property Taxes$27316%Insurance$935%Management$17310%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,348

Downpayment

20%

$51,760

Closing costs

1%

$2,588

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,726

Total Expenses

$2,190

Mortgage P&I

80%

$1,375

Property Taxes

16%

$273

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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