REI Lense

REI Lense

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$1,440 (target)

102 Meadowgreen Ln, Montevallo, AL 35115

3 beds • 2 baths • 1951 sqft

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This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $54,600 initial cash invested.

-11.3%

Cash On Cash

4.05%

Cap Rate

0.67

DSCR

$1,440

Rent

-$514

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,440 income − $1,954 expenses = $514 out of pocket

Income$1,440Out of Pocket$514Mortgage P&I$1,32092%Property Taxes$16712%Insurance$936%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,440

Total Expenses

$1,954

Mortgage P&I

92%

$1,320

Property Taxes

12%

$167

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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