REI Lense

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$2,306 (target)

106 Belair Dr, Arab, AL 35016

3 beds • 2 baths • 1331 sqft

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This property might be a fair Mid-Term investment with a projected 3.71% first-year return on $64,032 initial cash invested.

3.71%

Cash On Cash

8.11%

Cap Rate

1.24

DSCR

$2,306

Rent

$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,306 income − $2,108 expenses = $198 cash flow

Income$2,306Mortgage P&I$1,19252%Property Taxes$532%Insurance$793%Management$27712%CapEx$924%Vacancy$693%Maintenance$924%Other$25411%Cash Flow$198

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,032

Downpayment

20%

$43,840

Closing costs

1%

$2,192

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,306

Total Expenses

$2,108

Mortgage P&I

52%

$1,192

Property Taxes

2%

$53

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$277

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$254

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