REI Lense

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$1,776 (target)

1704 Edgewater Ct, Northport, AL 35473

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Long-Term investment with a projected -9.67% first-year return on $70,350 initial cash invested.

-9.67%

Cash On Cash

4.3%

Cap Rate

0.72

DSCR

$1,776

Rent

-$567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,776 income − $2,343 expenses = $567 out of pocket

Income$1,776Out of Pocket$567Mortgage P&I$1,67894%Property Taxes$684%Insurance$1177%HOA$171%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,776

Total Expenses

$2,343

Mortgage P&I

94%

$1,678

Property Taxes

4%

$68

Home Insurance

7%

$117

HOA

1%

$17

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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