REI Lense

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$2,179 (target)

17379 Abingdon Ln, Fairhope, AL 36532

3 beds • 2 baths • 1578 sqft

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This property looks like a bad Long-Term investment with a projected -4.07% first-year return on $68,040 initial cash invested.

-4.07%

Cash On Cash

5.59%

Cap Rate

0.93

DSCR

$2,179

Rent

-$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,179 income − $2,410 expenses = $231 out of pocket

Income$2,179Out of Pocket$231Mortgage P&I$1,63275%Property Taxes$733%Insurance$1135%HOA$251%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,040

Downpayment

20%

$64,800

Closing costs

1%

$3,240

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,179

Total Expenses

$2,410

Mortgage P&I

75%

$1,632

Property Taxes

3%

$73

Home Insurance

5%

$113

HOA

1%

$25

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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