REI Lense

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$2,564 (target)

116 Woodfield Dr, Madison, AL 35757

3 beds • 2 baths • 1701 sqft

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This property might be a fair Mid-Term investment with a projected 2.21% first-year return on $77,094 initial cash invested.

2.21%

Cash On Cash

7%

Cap Rate

1.18

DSCR

$2,564

Rent

$142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,564 income − $2,422 expenses = $142 cash flow

Income$2,564Mortgage P&I$1,39654%Property Taxes$522%Insurance$1014%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%Cash Flow$142

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,094

Downpayment

20%

$56,280

Closing costs

1%

$2,814

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,564

Total Expenses

$2,422

Mortgage P&I

54%

$1,396

Property Taxes

2%

$52

Home Insurance

4%

$101

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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