REI Lense

REI Lense

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$2,140 (target)

1604 6th St, Muscle Shoals, AL 35661

3 beds • 3 baths • 2400 sqft

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This property looks like a bad Long-Term investment with a projected -8.95% first-year return on $79,779 initial cash invested.

-8.95%

Cash On Cash

4.55%

Cap Rate

0.75

DSCR

$2,140

Rent

-$595

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,140 income − $2,735 expenses = $595 out of pocket

Income$2,140Out of Pocket$595Mortgage P&I$1,92990%Property Taxes$1175%Insurance$1336%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,779

Downpayment

20%

$75,980

Closing costs

1%

$3,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,140

Total Expenses

$2,735

Mortgage P&I

90%

$1,929

Property Taxes

5%

$117

Home Insurance

6%

$133

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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