REI Lense

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$1,958 (target)

1010 Green Ave NW, Fort Payne, AL 35967

3 beds • 2 baths • 1344 sqft

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This property might be a fair Mid-Term investment with a projected 5.44% first-year return on $53,154 initial cash invested.

5.44%

Cash On Cash

8.79%

Cap Rate

1.35

DSCR

$1,958

Rent

$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,958 income − $1,717 expenses = $241 cash flow

Income$1,958Mortgage P&I$90746%Property Taxes$935%Insurance$523%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21511%Cash Flow$241

Investment Breakdown

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Purchase Price

$167k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,154

Downpayment

20%

$33,480

Closing costs

1%

$1,674

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,958

Total Expenses

$1,717

Mortgage P&I

46%

$907

Property Taxes

5%

$93

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$215

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