REI Lense

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$2,689 (target)

1622 3rd Ave, Tuscaloosa, AL 35401

3 beds • 3 baths • 1694 sqft

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This property might be a fair Long-Term investment with a projected 3.26% first-year return on $60,375 initial cash invested.

3.26%

Cash On Cash

7.95%

Cap Rate

1.19

DSCR

$2,689

Rent

$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,689 income − $2,525 expenses = $164 cash flow

Income$2,689Mortgage P&I$1,60760%Property Taxes$1194%Insurance$1014%Management$26910%CapEx$1345%Vacancy$1616%Maintenance$1345%Cash Flow$164

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,375

Downpayment

20%

$57,500

Closing costs

1%

$2,875

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,689

Total Expenses

$2,525

Mortgage P&I

60%

$1,607

Property Taxes

4%

$119

Home Insurance

4%

$101

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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