REI Lense

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$1,589 (target)

140 Heritage Rdg, Springville, AL 35146

3 beds • 2 baths • 2474 sqft

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This property looks like a bad Long-Term investment with a projected -14.19% first-year return on $73,479 initial cash invested.

-14.19%

Cash On Cash

3.6%

Cap Rate

0.57

DSCR

$1,589

Rent

-$869

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,589 income − $2,458 expenses = $869 out of pocket

Income$1,589Out of Pocket$869Mortgage P&I$1,839116%Property Taxes$855%Insurance$1228%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,589

Total Expenses

$2,458

Mortgage P&I

116%

$1,839

Property Taxes

5%

$85

Home Insurance

8%

$122

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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