REI Lense

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$1,930 (target)

1841 Courtney Ave, Florence, AL 35630

3 beds • 2 baths • 2010 sqft

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This property looks like a bad Long-Term investment with a projected -9.47% first-year return on $77,574 initial cash invested.

-9.47%

Cash On Cash

4.31%

Cap Rate

0.72

DSCR

$1,930

Rent

-$612

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,930 income − $2,542 expenses = $612 out of pocket

Income$1,930Out of Pocket$612Mortgage P&I$1,84496%Property Taxes$613%Insurance$1367%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,574

Downpayment

20%

$73,880

Closing costs

1%

$3,694

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,930

Total Expenses

$2,542

Mortgage P&I

96%

$1,844

Property Taxes

3%

$61

Home Insurance

7%

$136

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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