REI Lense

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$3,298 (target)

121 Sullivan Rd, Muscle Shoals, AL 35661

3 beds • 2 baths • 1844 sqft

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This property might be a fair Mid-Term investment with a projected 1.8% first-year return on $92,592 initial cash invested.

1.8%

Cash On Cash

6.9%

Cap Rate

1.15

DSCR

$3,298

Rent

$139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,298 income − $3,159 expenses = $139 cash flow

Income$3,298Mortgage P&I$1,77154%Property Taxes$1123%Insurance$1294%HOA$251%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%Cash Flow$139

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,592

Downpayment

20%

$71,040

Closing costs

1%

$3,552

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,298

Total Expenses

$3,159

Mortgage P&I

54%

$1,771

Property Taxes

3%

$112

Home Insurance

4%

$129

HOA

1%

$25

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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