REI Lense

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$1,689 (target)

7725 Colgate Ave, Cleveland, OH 44102

3 beds • 2 baths • 1362 sqft

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This property might be a fair Mid-Term investment with a projected 0.84% first-year return on $55,527 initial cash invested.

0.84%

Cash On Cash

7.12%

Cap Rate

1.11

DSCR

$1,689

Rent

$39

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,689 income − $1,650 expenses = $39 cash flow

Income$1,689Mortgage P&I$95356%Property Taxes$583%Insurance$634%Management$20312%CapEx$684%Vacancy$513%Maintenance$684%Other$18611%Cash Flow$39

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,527

Downpayment

20%

$35,740

Closing costs

1%

$1,787

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,689

Total Expenses

$1,650

Mortgage P&I

56%

$953

Property Taxes

3%

$58

Home Insurance

4%

$63

HOA

0%

$0

Property Management

12%

$203

CapEx

4%

$68

Vacancy

3%

$51

Maintenance

4%

$68

Other

11%

$186

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