REI Lense

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$2,505 (target)

149 Clover Ridge Dr, Madison, AL 35758

3 beds • 2 baths • 1643 sqft

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This property looks like a bad Mid-Term investment with a projected -2.47% first-year return on $83,037 initial cash invested.

-2.47%

Cash On Cash

5.84%

Cap Rate

0.95

DSCR

$2,505

Rent

-$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,505 income − $2,676 expenses = $171 out of pocket

Income$2,505Out of Pocket$171Mortgage P&I$1,57763%Property Taxes$1375%Insurance$1104%Management$30112%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27611%

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,037

Downpayment

20%

$61,940

Closing costs

1%

$3,097

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,505

Total Expenses

$2,676

Mortgage P&I

63%

$1,577

Property Taxes

5%

$137

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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