REI Lense

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$2,280 (target)

1011 Sunset Blvd, Elba, AL 36323

3 beds • 2 baths • 1937 sqft

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This property might be a fair Mid-Term investment with a projected 3.22% first-year return on $64,179 initial cash invested.

3.22%

Cash On Cash

8.05%

Cap Rate

1.22

DSCR

$2,280

Rent

$172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,280 income − $2,108 expenses = $172 cash flow

Income$2,280Mortgage P&I$1,21253%Property Taxes$442%Insurance$773%Management$27412%CapEx$914%Vacancy$683%Maintenance$914%Other$25111%Cash Flow$172

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,280

Total Expenses

$2,108

Mortgage P&I

53%

$1,212

Property Taxes

2%

$44

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$274

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$251

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