REI Lense

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$2,140 (target)

1211 E 31st St, Sheffield, AL 35660

3 beds • 2 baths • 2002 sqft

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This property might be a fair Mid-Term investment with a projected 2.01% first-year return on $61,638 initial cash invested.

2.01%

Cash On Cash

7.53%

Cap Rate

1.17

DSCR

$2,140

Rent

$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,140 income − $2,037 expenses = $103 cash flow

Income$2,140Mortgage P&I$1,11552%Property Taxes$1246%Insurance$703%Management$25712%CapEx$864%Vacancy$643%Maintenance$864%Other$23511%Cash Flow$103

Investment Breakdown

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Purchase Price

$208k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,638

Downpayment

20%

$41,560

Closing costs

1%

$2,078

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,140

Total Expenses

$2,037

Mortgage P&I

52%

$1,115

Property Taxes

6%

$124

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$257

CapEx

4%

$86

Vacancy

3%

$64

Maintenance

4%

$86

Other

11%

$235

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