REI Lense

REI Lense

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$1,399 (target)

1400 Golden Dr, Bessemer, AL 35023

3 beds • 2 baths • 1452 sqft

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This property looks like a bad Long-Term investment with a projected -7.4% first-year return on $43,806 initial cash invested.

-7.4%

Cash On Cash

5.55%

Cap Rate

0.83

DSCR

$1,399

Rent

-$270

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,399 income − $1,669 expenses = $270 out of pocket

Income$1,399Out of Pocket$270Mortgage P&I$1,16483%Property Taxes$675%Insurance$745%Management$14010%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,806

Downpayment

20%

$41,720

Closing costs

1%

$2,086

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,399

Total Expenses

$1,669

Mortgage P&I

83%

$1,164

Property Taxes

5%

$67

Home Insurance

5%

$74

HOA

0%

$0

Property Management

10%

$140

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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