REI Lense

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$3,278 (target)

1301 Patton Rd, Bessemer, AL 35023

3 beds • 2 baths • 2016 sqft

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This property looks like a bad Mid-Term investment with a projected -0.87% first-year return on $98,388 initial cash invested.

-0.87%

Cash On Cash

6.39%

Cap Rate

1.03

DSCR

$3,278

Rent

-$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,278 income − $3,349 expenses = $71 out of pocket

Income$3,278Out of Pocket$71Mortgage P&I$1,97960%Property Taxes$1204%Insurance$1364%Management$39312%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36111%

Investment Breakdown

|

Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,388

Downpayment

20%

$76,560

Closing costs

1%

$3,828

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,278

Total Expenses

$3,349

Mortgage P&I

60%

$1,979

Property Taxes

4%

$120

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$361

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