REI Lense

REI Lense

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$1,373 (target)

1280 Forest Lake Dr, Elba, AL 36323

3 beds • 2 baths • 1782 sqft

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This property looks like a bad Long-Term investment with a projected -14.13% first-year return on $61,320 initial cash invested.

-14.13%

Cash On Cash

3.62%

Cap Rate

0.57

DSCR

$1,373

Rent

-$722

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,373 income − $2,095 expenses = $722 out of pocket

Income$1,373Out of Pocket$722Mortgage P&I$1,534112%Property Taxes$1027%Insurance$1027%Management$13710%CapEx$695%Vacancy$826%Maintenance$695%

Investment Breakdown

|

Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,320

Downpayment

20%

$58,400

Closing costs

1%

$2,920

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,373

Total Expenses

$2,095

Mortgage P&I

112%

$1,534

Property Taxes

7%

$102

Home Insurance

7%

$102

HOA

0%

$0

Property Management

10%

$137

CapEx

5%

$69

Vacancy

6%

$82

Maintenance

5%

$69

Other

0%

$0

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