REI Lense

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$1,994 (target)

1123 Bellevue Dr, Gadsden, AL 35904

3 beds • 3 baths • 2609 sqft

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This property looks like a bad Long-Term investment with a projected -13.17% first-year return on $87,738 initial cash invested.

-13.17%

Cash On Cash

3.81%

Cap Rate

0.61

DSCR

$1,994

Rent

-$963

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,994 income − $2,957 expenses = $963 out of pocket

Income$1,994Out of Pocket$963Mortgage P&I$2,189110%Property Taxes$975%Insurance$1528%Management$19910%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,738

Downpayment

20%

$83,560

Closing costs

1%

$4,178

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,994

Total Expenses

$2,957

Mortgage P&I

110%

$2,189

Property Taxes

5%

$97

Home Insurance

8%

$152

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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