REI Lense

REI Lense

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$1,305 (target)

1010 Green Ave NW, Fort Payne, AL 35967

3 beds • 2 baths • 1344 sqft

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This property looks like a bad Long-Term investment with a projected -2.9% first-year return on $35,154 initial cash invested.

-2.9%

Cash On Cash

6.36%

Cap Rate

0.98

DSCR

$1,305

Rent

-$85

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,305 income − $1,390 expenses = $85 out of pocket

Income$1,305Out of Pocket$85Mortgage P&I$90770%Property Taxes$937%Insurance$524%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

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Purchase Price

$167k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,154

Downpayment

20%

$33,480

Closing costs

1%

$1,674

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,305

Total Expenses

$1,390

Mortgage P&I

70%

$907

Property Taxes

7%

$93

Home Insurance

4%

$52

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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