REI Lense

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$1,860 (target)

1537 Ridge St NW, Cullman, AL 35055

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Long-Term investment with a projected -5.48% first-year return on $62,790 initial cash invested.

-5.48%

Cash On Cash

5.23%

Cap Rate

0.87

DSCR

$1,860

Rent

-$287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,860 income − $2,147 expenses = $287 out of pocket

Income$1,860Out of Pocket$287Mortgage P&I$1,49780%Property Taxes$613%Insurance$1056%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,860

Total Expenses

$2,147

Mortgage P&I

80%

$1,497

Property Taxes

3%

$61

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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