REI Lense

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$2,242 (target)

13281 Wages Ct, Mobile, AL 36695

3 beds • 2 baths • 1241 sqft

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This property might be a fair Mid-Term investment with a projected 5.74% first-year return on $58,929 initial cash invested.

5.74%

Cash On Cash

8.81%

Cap Rate

1.35

DSCR

$2,242

Rent

$282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,242 income − $1,960 expenses = $282 cash flow

Income$2,242Mortgage P&I$1,05947%Property Taxes$603%Insurance$683%HOA$10Management$26912%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%Cash Flow$282

Investment Breakdown

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Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,929

Downpayment

20%

$38,980

Closing costs

1%

$1,949

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,242

Total Expenses

$1,960

Mortgage P&I

47%

$1,059

Property Taxes

3%

$60

Home Insurance

3%

$68

HOA

0%

$10

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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