REI Lense

REI Lense

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$1,228 (target)

151 Mill St, Wedowee, AL 36278

3 beds • 2 baths • 1415 sqft

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This property looks like a bad Long-Term investment with a projected -6.11% first-year return on $39,900 initial cash invested.

-6.11%

Cash On Cash

5.49%

Cap Rate

0.86

DSCR

$1,228

Rent

-$203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,228 income − $1,431 expenses = $203 out of pocket

Income$1,228Out of Pocket$203Mortgage P&I$1,01182%Property Taxes$353%Insurance$665%Management$12310%CapEx$615%Vacancy$746%Maintenance$615%

Investment Breakdown

|

Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,900

Downpayment

20%

$38,000

Closing costs

1%

$1,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,228

Total Expenses

$1,431

Mortgage P&I

82%

$1,011

Property Taxes

3%

$35

Home Insurance

5%

$66

HOA

0%

$0

Property Management

10%

$123

CapEx

5%

$61

Vacancy

6%

$74

Maintenance

5%

$61

Other

0%

$0

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