REI Lense

REI Lense

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$1,556 (target)

1240 Wesley Ave N, Cullman, AL 35058

3 beds • 2 baths • 1710 sqft

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This property might be a fair Long-Term investment with a projected 8.75% first-year return on $31,122 initial cash invested.

8.75%

Cash On Cash

9.14%

Cap Rate

1.37

DSCR

$1,556

Rent

$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,556 income − $1,329 expenses = $227 cash flow

Income$1,556Mortgage P&I$82453%Property Taxes$252%Insurance$755%Management$15610%CapEx$785%Vacancy$936%Maintenance$785%Cash Flow$227

Investment Breakdown

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Purchase Price

$148k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,122

Downpayment

20%

$29,640

Closing costs

1%

$1,482

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,556

Total Expenses

$1,329

Mortgage P&I

53%

$824

Property Taxes

2%

$25

Home Insurance

5%

$75

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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