REI Lense

REI Lense

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$1,434 (target)

1213 Fletcher Ave SW, Decatur, AL 35601

3 beds • 2 baths • 1559 sqft

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This property looks like a bad Long-Term investment with a projected -7.33% first-year return on $48,300 initial cash invested.

-7.33%

Cash On Cash

5.27%

Cap Rate

0.82

DSCR

$1,434

Rent

-$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,434 income − $1,729 expenses = $295 out of pocket

Income$1,434Out of Pocket$295Mortgage P&I$1,23486%Property Taxes$423%Insurance$806%Management$14310%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,434

Total Expenses

$1,729

Mortgage P&I

86%

$1,234

Property Taxes

3%

$42

Home Insurance

6%

$80

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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