REI Lense

REI Lense

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$1,135 (target)

1570 Reese Ave, Elba, AL 36323

3 beds • 2 baths • 1107 sqft

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This property might be a fair Long-Term investment with a projected 3.79% first-year return on $25,620 initial cash invested.

3.79%

Cash On Cash

8.1%

Cap Rate

1.2

DSCR

$1,135

Rent

$81

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,135 income − $1,054 expenses = $81 cash flow

Income$1,135Mortgage P&I$68560%Property Taxes$333%Insurance$404%Management$11410%CapEx$575%Vacancy$686%Maintenance$575%Cash Flow$81

Investment Breakdown

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Purchase Price

$122k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,620

Downpayment

20%

$24,400

Closing costs

1%

$1,220

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,135

Total Expenses

$1,054

Mortgage P&I

60%

$685

Property Taxes

3%

$33

Home Insurance

4%

$40

HOA

0%

$0

Property Management

10%

$114

CapEx

5%

$57

Vacancy

6%

$68

Maintenance

5%

$57

Other

0%

$0

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