REI Lense

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$2,346 (target)

1016 Lee Ave SW, Cullman, AL 35055

3 beds • 2 baths • 1981 sqft

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This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $75,603 initial cash invested.

-2.3%

Cash On Cash

6.33%

Cap Rate

0.97

DSCR

$2,346

Rent

-$145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,346 income − $2,491 expenses = $145 out of pocket

Income$2,346Out of Pocket$145Mortgage P&I$1,49964%Property Taxes$723%Insurance$1225%Management$28212%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,603

Downpayment

20%

$54,860

Closing costs

1%

$2,743

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,346

Total Expenses

$2,491

Mortgage P&I

64%

$1,499

Property Taxes

3%

$72

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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