REI Lense

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$2,031 (target)

1207 S 13th Ave, Lanett, AL 36863

3 beds • 2 baths • 1725 sqft

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This property might be a fair Long-Term investment with a projected 1.66% first-year return on $49,959 initial cash invested.

1.66%

Cash On Cash

7.34%

Cap Rate

1.13

DSCR

$2,031

Rent

$69

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,031 income − $1,962 expenses = $69 cash flow

Income$2,031Mortgage P&I$1,28463%Property Taxes$663%Insurance$834%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%Cash Flow$69

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,959

Downpayment

20%

$47,580

Closing costs

1%

$2,379

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,031

Total Expenses

$1,962

Mortgage P&I

63%

$1,284

Property Taxes

3%

$66

Home Insurance

4%

$83

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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