REI Lense

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$2,959 (target)

140 Rockaway Rd, Homewood, AL 35209

3 beds • 2 baths • 1307 sqft

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This property looks like a bad Long-Term investment with a projected -11.4% first-year return on $115k initial cash invested.

-11.4%

Cash On Cash

4.14%

Cap Rate

0.67

DSCR

$2,959

Rent

-$1,097

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,959 income − $4,056 expenses = $1,097 out of pocket

Income$2,959Out of Pocket$1,097Mortgage P&I$2,84696%Property Taxes$2518%Insurance$1896%Management$29610%CapEx$1485%Vacancy$1786%Maintenance$1485%

Investment Breakdown

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Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$110k

Closing costs

1%

$5,497

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,959

Total Expenses

$4,056

Mortgage P&I

96%

$2,846

Property Taxes

8%

$251

Home Insurance

6%

$189

HOA

0%

$0

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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