REI Lense

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$1,901 (target)

1473 Alexander Ct, Alabaster, AL 35007

3 beds • 3 baths • 2018 sqft

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This property looks like a bad Long-Term investment with a projected -7.06% first-year return on $63,924 initial cash invested.

-7.06%

Cash On Cash

4.99%

Cap Rate

0.82

DSCR

$1,901

Rent

-$376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,901 income − $2,277 expenses = $376 out of pocket

Income$1,901Out of Pocket$376Mortgage P&I$1,54881%Property Taxes$1277%Insurance$1086%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,924

Downpayment

20%

$60,880

Closing costs

1%

$3,044

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,901

Total Expenses

$2,277

Mortgage P&I

81%

$1,548

Property Taxes

7%

$127

Home Insurance

6%

$108

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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