REI Lense

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$1,575 (target)

1078 Morrow Ave, Elba, AL 36323

3 beds • 2 baths • 1012 sqft

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This property might be a fair Mid-Term investment with a projected 4.24% first-year return on $48,450 initial cash invested.

4.24%

Cash On Cash

8.37%

Cap Rate

1.3

DSCR

$1,575

Rent

$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,575 income − $1,404 expenses = $171 cash flow

Income$1,575Mortgage P&I$77749%Property Taxes$413%Insurance$513%Management$18912%CapEx$634%Vacancy$473%Maintenance$634%Other$17311%Cash Flow$171

Investment Breakdown

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Purchase Price

$145k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,450

Downpayment

20%

$29,000

Closing costs

1%

$1,450

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,575

Total Expenses

$1,404

Mortgage P&I

49%

$777

Property Taxes

3%

$41

Home Insurance

3%

$51

HOA

0%

$0

Property Management

12%

$189

CapEx

4%

$63

Vacancy

3%

$47

Maintenance

4%

$63

Other

11%

$173

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