REI Lense

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$2,192 (target)

164 Fairway Dr, Daphne, AL 36526

3 beds • 3 baths • 2302 sqft

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This property might be a fair Long-Term investment with a projected 5.91% first-year return on $43,239 initial cash invested.

5.91%

Cash On Cash

8.49%

Cap Rate

1.28

DSCR

$2,192

Rent

$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,192 income − $1,979 expenses = $213 cash flow

Income$2,192Mortgage P&I$1,13452%Property Taxes$1306%Insurance$743%HOA$703%Management$21910%CapEx$1105%Vacancy$1326%Maintenance$1105%Cash Flow$213

Investment Breakdown

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Purchase Price

$206k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,239

Downpayment

20%

$41,180

Closing costs

1%

$2,059

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,192

Total Expenses

$1,979

Mortgage P&I

52%

$1,134

Property Taxes

6%

$130

Home Insurance

3%

$74

HOA

3%

$70

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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