REI Lense

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$2,724 (target)

159 Story Ray Dr, New Market, AL 35761

3 beds • 3 baths • 1813 sqft

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This property might be a fair Mid-Term investment with a projected 3% first-year return on $74,406 initial cash invested.

3%

Cash On Cash

7.59%

Cap Rate

1.21

DSCR

$2,724

Rent

$186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,724 income − $2,538 expenses = $186 cash flow

Income$2,724Mortgage P&I$1,40552%Property Taxes$873%Insurance$943%HOA$251%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30011%Cash Flow$186

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,406

Downpayment

20%

$53,720

Closing costs

1%

$2,686

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,724

Total Expenses

$2,538

Mortgage P&I

52%

$1,405

Property Taxes

3%

$87

Home Insurance

3%

$94

HOA

1%

$25

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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