REI Lense

REI Lense

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$1,774 (target)

13039 Martin Rd, Northport, AL 35473

3 beds • 2 baths • 2467 sqft

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This property looks like a bad Mid-Term investment with a projected -10.62% first-year return on $91,647 initial cash invested.

-10.62%

Cash On Cash

3.45%

Cap Rate

0.58

DSCR

$1,774

Rent

-$811

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,647

Downpayment

20%

$70,140

Closing costs

1%

$3,507

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,774

Total Expenses

$2,585

Mortgage P&I

99%

$1,748

Property Taxes

6%

$106

Home Insurance

7%

$128

HOA

0%

$0

Property Management

12%

$213

CapEx

4%

$71

Vacancy

3%

$53

Maintenance

4%

$71

Other

11%

$195

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