REI Lense

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$1,699 (target)

117 Fairlane Dr, Pleasant Grove, AL 35127

3 beds • 2 baths • 1440 sqft

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This property could be a profitable Long-Term investment with a projected 10.1% first-year return on $31,479 initial cash invested.

10.1%

Cash On Cash

9.34%

Cap Rate

1.43

DSCR

$1,699

Rent

$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,699 income − $1,434 expenses = $265 cash flow

Income$1,699Mortgage P&I$81748%Property Taxes$1237%Insurance$523%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%Cash Flow$265

Investment Breakdown

|

Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,699

Total Expenses

$1,434

Mortgage P&I

48%

$817

Property Taxes

7%

$123

Home Insurance

3%

$52

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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