REI Lense

REI Lense

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$1,960 (target)

1213 Elizabeth St, Leeds, AL 35094

3 beds • 2 baths • 1938 sqft

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This property might be a fair Long-Term investment with a projected 3.61% first-year return on $46,536 initial cash invested.

3.61%

Cash On Cash

7.67%

Cap Rate

1.2

DSCR

$1,960

Rent

$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,960 income − $1,820 expenses = $140 cash flow

Income$1,960Mortgage P&I$1,17960%Property Taxes$523%Insurance$794%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%Cash Flow$140

Investment Breakdown

|

Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,536

Downpayment

20%

$44,320

Closing costs

1%

$2,216

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,960

Total Expenses

$1,820

Mortgage P&I

60%

$1,179

Property Taxes

3%

$52

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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