Dealmemo · one-page rental underwriting
August 27, 2026
Memo oak1847
1847 Oak Street, Columbus, OH
Hold 5 years · 20% down · 6.5% / 30-year
Monthly cash flow
$632
Cash-on-cash
14.7%
Cap rate
10.1%
DSCR
1.66×
Sources of cash
Purchase price
$189,000
Down payment
20% of purchase
$37,800
Closing costs
$5,670
Rehab
$8,000
Total cash in
$51,470
Loan amount
$151,200
Monthly P&I
Amortizing mortgage
$955.69
Annual operating statement
Gross scheduled rent
$2,195 / month
$26,340
Vacancy
5% of gross
−$1,317
Effective gross income
$25,023
Taxes
−$2,724
Insurance
−$1,140
Maintenance
8% of rent
−$2,107
Property management
0% of rent
−$0.00
NOI
$19,052
Debt service
−$11,468
Annual cash flow
$7,584
Hold-period equity
Future value uses a 3% annual appreciation assumption — an estimate, not a forecast.
Value in 5 years
$219,103
Remaining loan
$141,540
Principal paydown $9,660
Equity
$77,563
Includes $30,103 of assumed appreciation