REI Lense

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$2,520 (target)

113 Chatam Loop, Daphne, AL 36526

3 beds • 2 baths • 1640 sqft

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This property might be a fair Mid-Term investment with a projected 3.21% first-year return on $67,350 initial cash invested.

3.21%

Cash On Cash

7.87%

Cap Rate

1.22

DSCR

$2,520

Rent

$180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,520 income − $2,340 expenses = $180 cash flow

Income$2,520Mortgage P&I$1,26150%Property Taxes$703%Insurance$823%HOA$703%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%Cash Flow$180

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,520

Total Expenses

$2,340

Mortgage P&I

50%

$1,261

Property Taxes

3%

$70

Home Insurance

3%

$82

HOA

3%

$70

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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