REI Lense

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$2,316 (target)

1500 17th St, Northport, AL 35476

3 beds • 2 baths • 1624 sqft

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This property might be a fair Mid-Term investment with a projected 1.26% first-year return on $72,579 initial cash invested.

1.26%

Cash On Cash

6.89%

Cap Rate

1.13

DSCR

$2,316

Rent

$76

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,316 income − $2,240 expenses = $76 cash flow

Income$2,316Mortgage P&I$1,32457%Property Taxes$372%Insurance$914%Management$27812%CapEx$934%Vacancy$693%Maintenance$934%Other$25511%Cash Flow$76

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,316

Total Expenses

$2,240

Mortgage P&I

57%

$1,324

Property Taxes

2%

$37

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$69

Maintenance

4%

$93

Other

11%

$255

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