REI Lense

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$1,196 (target)

1503 W Adams Ave, Enterprise, AL 36330

3 beds • 2 baths • 1253 sqft

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This property might be a fair Long-Term investment with a projected 2.21% first-year return on $29,820 initial cash invested.

2.21%

Cash On Cash

7.44%

Cap Rate

1.15

DSCR

$1,196

Rent

$55

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,196 income − $1,141 expenses = $55 cash flow

Income$1,196Mortgage P&I$76564%Property Taxes$141%Insurance$504%Management$12010%CapEx$605%Vacancy$726%Maintenance$605%Cash Flow$55

Investment Breakdown

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Purchase Price

$142k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,820

Downpayment

20%

$28,400

Closing costs

1%

$1,420

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,196

Total Expenses

$1,141

Mortgage P&I

64%

$765

Property Taxes

1%

$14

Home Insurance

4%

$50

HOA

0%

$0

Property Management

10%

$120

CapEx

5%

$60

Vacancy

6%

$72

Maintenance

5%

$60

Other

0%

$0

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