REI Lense

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$1,544 (target)

1500 17th St, Northport, AL 35476

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Long-Term investment with a projected -6.79% first-year return on $54,579 initial cash invested.

-6.79%

Cash On Cash

5.04%

Cap Rate

0.82

DSCR

$1,544

Rent

-$309

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,544 income − $1,853 expenses = $309 out of pocket

Income$1,544Out of Pocket$309Mortgage P&I$1,32486%Property Taxes$372%Insurance$916%Management$15410%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,544

Total Expenses

$1,853

Mortgage P&I

86%

$1,324

Property Taxes

2%

$37

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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