REI Lense

REI Lense

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$1,461 (target)

129 Mayfair Ln, Cullman, AL 35057

3 beds • 2 baths • 1674 sqft

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This property looks like a bad Long-Term investment with a projected -11.81% first-year return on $62,181 initial cash invested.

-11.81%

Cash On Cash

3.94%

Cap Rate

0.64

DSCR

$1,461

Rent

-$612

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,461 income − $2,073 expenses = $612 out of pocket

Income$1,461Out of Pocket$612Mortgage P&I$1,510103%Property Taxes$755%Insurance$1087%Management$14610%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,181

Downpayment

20%

$59,220

Closing costs

1%

$2,961

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,461

Total Expenses

$2,073

Mortgage P&I

103%

$1,510

Property Taxes

5%

$75

Home Insurance

7%

$108

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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