REI Lense

REI Lense

$2,157 (target)

120 Forrest Dr, Madison, AL 35758

3 beds • 2 baths • 1010 sqft

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This property might be a fair Mid-Term investment with a projected 0.54% first-year return on $61,827 initial cash invested.

0.54%

Cash On Cash

7.37%

Cap Rate

1.1

DSCR

$2,157

Rent

$28

Cashflow

Cash Flow

$2,157 income − $2,129 expenses = $28 cash flow

Income$2,157P&I$1,16854%Taxes$1537%Insurance$753%Mgmt$25912%CapEx$864%Vacancy$653%Maint.$864%Other$23711%Cash Flow$28

Investment Breakdown

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Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,827

Downpayment

20%

$41,740

Closing costs

1%

$2,087

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,157

Total Expenses

$2,129

Mortgage P&I

54%

$1,168

Property Taxes

7%

$153

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$259

CapEx

4%

$86

Vacancy

3%

$65

Maintenance

4%

$86

Other

11%

$237

See Madison, AL mid-term rental market →

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