REI Lense

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$2,694 (target)

1234 Concord Ave, Birmingham, AL 35213

3 beds • 2 baths • 1598 sqft

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This property looks like a bad Long-Term investment with a projected -14.33% first-year return on $112k initial cash invested.

-14.33%

Cash On Cash

3.74%

Cap Rate

0.58

DSCR

$2,694

Rent

-$1,338

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,694 income − $4,032 expenses = $1,338 out of pocket

Income$2,694Out of Pocket$1,338Mortgage P&I$2,868106%Property Taxes$28811%Insurance$1756%Management$26910%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$534k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$107k

Closing costs

1%

$5,337

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,694

Total Expenses

$4,032

Mortgage P&I

106%

$2,868

Property Taxes

11%

$288

Home Insurance

7%

$175

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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