REI Lense

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$1,430 (target)

155 Searcy Ln, Clanton, AL 35045

3 beds • 2 baths • 1533 sqft

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This property looks like a bad Long-Term investment with a projected -5.8% first-year return on $44,079 initial cash invested.

-5.8%

Cash On Cash

5.64%

Cap Rate

0.87

DSCR

$1,430

Rent

-$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,430 income − $1,643 expenses = $213 out of pocket

Income$1,430Out of Pocket$213Mortgage P&I$1,12779%Property Taxes$695%Insurance$745%Management$14310%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,079

Downpayment

20%

$41,980

Closing costs

1%

$2,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,430

Total Expenses

$1,643

Mortgage P&I

79%

$1,127

Property Taxes

5%

$69

Home Insurance

5%

$74

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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