REI Lense

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$2,436 (target)

1733 Harrington Way, Mobile, AL 36695

3 beds • 2 baths • 1610 sqft

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This property might be a fair Mid-Term investment with a projected 3.57% first-year return on $64,788 initial cash invested.

3.57%

Cash On Cash

8.14%

Cap Rate

1.24

DSCR

$2,436

Rent

$193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,436 income − $2,243 expenses = $193 cash flow

Income$2,436Mortgage P&I$1,22150%Property Taxes$924%Insurance$884%HOA$151%Management$29212%CapEx$974%Vacancy$733%Maintenance$974%Other$26811%Cash Flow$193

Investment Breakdown

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Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,788

Downpayment

20%

$44,560

Closing costs

1%

$2,228

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,436

Total Expenses

$2,243

Mortgage P&I

50%

$1,221

Property Taxes

4%

$92

Home Insurance

4%

$88

HOA

1%

$15

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

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