REI Lense

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$2,060 (target)

1280 Forest Lake Dr, Elba, AL 36323

3 beds • 2 baths • 1782 sqft

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This property looks like a bad Mid-Term investment with a projected -5.72% first-year return on $79,320 initial cash invested.

-5.72%

Cash On Cash

5.09%

Cap Rate

0.81

DSCR

$2,060

Rent

-$378

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,060 income − $2,438 expenses = $378 out of pocket

Income$2,060Out of Pocket$378Mortgage P&I$1,53474%Property Taxes$1025%Insurance$1025%Management$24712%CapEx$824%Vacancy$623%Maintenance$824%Other$22711%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,320

Downpayment

20%

$58,400

Closing costs

1%

$2,920

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,060

Total Expenses

$2,438

Mortgage P&I

74%

$1,534

Property Taxes

5%

$102

Home Insurance

5%

$102

HOA

0%

$0

Property Management

12%

$247

CapEx

4%

$82

Vacancy

3%

$62

Maintenance

4%

$82

Other

11%

$227

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