REI Lense

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$2,199 (target)

109 W Lelia St, Florence, AL 35630

3 beds • 2 baths • 1424 sqft

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This property looks like a bad Mid-Term investment with a projected -7.11% first-year return on $91,500 initial cash invested.

-7.11%

Cash On Cash

4.44%

Cap Rate

0.74

DSCR

$2,199

Rent

-$542

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,199 income − $2,741 expenses = $542 out of pocket

Income$2,199Out of Pocket$542Mortgage P&I$1,74980%Property Taxes$1226%Insurance$1226%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,199

Total Expenses

$2,741

Mortgage P&I

80%

$1,749

Property Taxes

6%

$122

Home Insurance

6%

$122

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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