REI Lense

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$2,456 (target)

117 Barnes Ct, Wetumpka, AL 36092

3 beds • 2 baths • 1337 sqft

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This property might be a fair Mid-Term investment with a projected 3.45% first-year return on $68,190 initial cash invested.

3.45%

Cash On Cash

7.88%

Cap Rate

1.23

DSCR

$2,456

Rent

$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,456 income − $2,260 expenses = $196 cash flow

Income$2,456Mortgage P&I$1,27652%Property Taxes$422%Insurance$843%HOA$231%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%Cash Flow$196

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,190

Downpayment

20%

$47,800

Closing costs

1%

$2,390

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,456

Total Expenses

$2,260

Mortgage P&I

52%

$1,276

Property Taxes

2%

$42

Home Insurance

3%

$84

HOA

1%

$23

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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