REI Lense

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$2,805 (target)

1109 Hardwick Ln, Birmingham, AL 35209

3 beds • 2 baths • 1971 sqft

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This property looks like a bad Long-Term investment with a projected -6.79% first-year return on $88,347 initial cash invested.

-6.79%

Cash On Cash

5.19%

Cap Rate

0.83

DSCR

$2,805

Rent

-$500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,805 income − $3,305 expenses = $500 out of pocket

Income$2,805Out of Pocket$500Mortgage P&I$2,17878%Property Taxes$2479%Insurance$1525%Management$28010%CapEx$1405%Vacancy$1686%Maintenance$1405%

Investment Breakdown

|

Purchase Price

$421k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,347

Downpayment

20%

$84,140

Closing costs

1%

$4,207

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,805

Total Expenses

$3,305

Mortgage P&I

78%

$2,178

Property Taxes

9%

$247

Home Insurance

5%

$152

HOA

0%

$0

Property Management

10%

$280

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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