REI Lense

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$2,412 (target)

120 Water Oak Ct, Harvest, AL 35749

3 beds • 2 baths • 1456 sqft

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This property might be a fair Mid-Term investment with a projected 2.15% first-year return on $73,566 initial cash invested.

2.15%

Cash On Cash

6.98%

Cap Rate

1.17

DSCR

$2,412

Rent

$132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,412 income − $2,280 expenses = $132 cash flow

Income$2,412Mortgage P&I$1,31154%Property Taxes$572%Insurance$944%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%Cash Flow$132

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,566

Downpayment

20%

$52,920

Closing costs

1%

$2,646

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,412

Total Expenses

$2,280

Mortgage P&I

54%

$1,311

Property Taxes

2%

$57

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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