REI Lense

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$2,312 (target)

109 Creekwood Cir, Florence, AL 35630

3 beds • 2 baths • 2023 sqft

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This property looks like a bad Mid-Term investment with a projected -3.15% first-year return on $75,435 initial cash invested.

-3.15%

Cash On Cash

6.28%

Cap Rate

0.93

DSCR

$2,312

Rent

-$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,312 income − $2,510 expenses = $198 out of pocket

Income$2,312Out of Pocket$198Mortgage P&I$1,53867%Property Taxes$894%Insurance$994%Management$27712%CapEx$924%Vacancy$693%Maintenance$924%Other$25411%

Investment Breakdown

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Purchase Price

$274k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,435

Downpayment

20%

$54,700

Closing costs

1%

$2,735

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,312

Total Expenses

$2,510

Mortgage P&I

67%

$1,538

Property Taxes

4%

$89

Home Insurance

4%

$99

HOA

0%

$0

Property Management

12%

$277

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$254

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