REI Lense

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$1,191 (target)

920 Mercer Ave, Akron, OH 44320

3 beds • 2 baths • 1338 sqft

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This property could be a profitable Long-Term investment with a projected 35.87% first-year return on $11,340 initial cash invested.

35.87%

Cash On Cash

14.96%

Cap Rate

2.46

DSCR

$1,191

Rent

$339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,191 income − $852 expenses = $339 cash flow

Income$1,191Mortgage P&I$27423%Property Taxes$24921%Insurance$192%Management$11910%CapEx$605%Vacancy$716%Maintenance$605%Cash Flow$339

Investment Breakdown

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Purchase Price

$54,000

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$11,340

Downpayment

20%

$10,800

Closing costs

1%

$540

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,191

Total Expenses

$852

Mortgage P&I

23%

$274

Property Taxes

21%

$249

Home Insurance

2%

$19

HOA

0%

$0

Property Management

10%

$119

CapEx

5%

$60

Vacancy

6%

$71

Maintenance

5%

$60

Other

0%

$0

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