REI Lense

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$3,101 (target)

1048 Danberry Ln, Birmingham, AL 35242

3 beds • 2 baths • 2611 sqft

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This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $130k initial cash invested.

-16.2%

Cash On Cash

2.87%

Cap Rate

0.48

DSCR

$3,101

Rent

-$1,759

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,101 income − $4,860 expenses = $1,759 out of pocket

Income$3,101Out of Pocket$1,759Mortgage P&I$3,087100%Property Taxes$29710%Insurance$2207%HOA$45015%Management$31010%CapEx$1555%Vacancy$1866%Maintenance$1555%

Investment Breakdown

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Purchase Price

$620k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$124k

Closing costs

1%

$6,204

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,101

Total Expenses

$4,860

Mortgage P&I

100%

$3,087

Property Taxes

10%

$297

Home Insurance

7%

$220

HOA

15%

$450

Property Management

10%

$310

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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