REI Lense

REI Lense

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$1,012 (target)

1715 16th Way N, Bessemer, AL 35020

3 beds • 2 baths • 855 sqft

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This property might be a fair Long-Term investment with a projected 4.88% first-year return on $22,869 initial cash invested.

4.88%

Cash On Cash

7.74%

Cap Rate

1.26

DSCR

$1,012

Rent

$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,012 income − $919 expenses = $93 cash flow

Income$1,012Mortgage P&I$55855%Property Taxes$576%Insurance$404%Management$10110%CapEx$515%Vacancy$616%Maintenance$515%Cash Flow$93

Investment Breakdown

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Purchase Price

$109k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$22,869

Downpayment

20%

$21,780

Closing costs

1%

$1,089

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,012

Total Expenses

$919

Mortgage P&I

55%

$558

Property Taxes

6%

$57

Home Insurance

4%

$40

HOA

0%

$0

Property Management

10%

$101

CapEx

5%

$51

Vacancy

6%

$61

Maintenance

5%

$51

Other

0%

$0

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