REI Lense

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$2,967 (target)

114 Horseshoe Cir, Alabaster, AL 35007

3 beds • 2 baths • 2044 sqft

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This property looks like a bad Mid-Term investment with a projected -1.73% first-year return on $91,479 initial cash invested.

-1.73%

Cash On Cash

6.07%

Cap Rate

0.99

DSCR

$2,967

Rent

-$132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,967 income − $3,099 expenses = $132 out of pocket

Income$2,967Out of Pocket$132Mortgage P&I$1,78260%Property Taxes$1515%Insurance$1244%HOA$331%Management$35612%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32611%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,967

Total Expenses

$3,099

Mortgage P&I

60%

$1,782

Property Taxes

5%

$151

Home Insurance

4%

$124

HOA

1%

$33

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$326

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