REI Lense

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$1,411 (target)

111 Tanner Cove Cir, New Market, AL 35761

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Long-Term investment with a projected -7.47% first-year return on $47,250 initial cash invested.

-7.47%

Cash On Cash

5.25%

Cap Rate

0.82

DSCR

$1,411

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,411 income − $1,705 expenses = $294 out of pocket

Income$1,411Out of Pocket$294Mortgage P&I$1,20886%Property Taxes$504%Insurance$796%Management$14110%CapEx$715%Vacancy$856%Maintenance$715%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,411

Total Expenses

$1,705

Mortgage P&I

86%

$1,208

Property Taxes

4%

$50

Home Insurance

6%

$79

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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