REI Lense

REI Lense

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$1,185 (target)

106 Spurlin St, Opp, AL 36467

3 beds • 2 baths • 1445 sqft

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This property looks like a bad Long-Term investment with a projected -8.99% first-year return on $38,850 initial cash invested.

-8.99%

Cash On Cash

5.22%

Cap Rate

0.78

DSCR

$1,185

Rent

-$291

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,185 income − $1,476 expenses = $291 out of pocket

Income$1,185Out of Pocket$291Mortgage P&I$1,03788%Property Taxes$676%Insurance$655%Management$11810%CapEx$595%Vacancy$716%Maintenance$595%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,185

Total Expenses

$1,476

Mortgage P&I

88%

$1,037

Property Taxes

6%

$67

Home Insurance

5%

$65

HOA

0%

$0

Property Management

10%

$118

CapEx

5%

$59

Vacancy

6%

$71

Maintenance

5%

$59

Other

0%

$0

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