REI Lense

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$2,122 (target)

18890 Hightower Rd, Athens, AL 35611

3 beds • 2 baths • 1364 sqft

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This property might be a fair Mid-Term investment with a projected 1.86% first-year return on $63,990 initial cash invested.

1.86%

Cash On Cash

7.52%

Cap Rate

1.15

DSCR

$2,122

Rent

$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,122 income − $2,023 expenses = $99 cash flow

Income$2,122Mortgage P&I$1,18856%Property Taxes$342%Insurance$794%Management$25512%CapEx$854%Vacancy$643%Maintenance$854%Other$23311%Cash Flow$99

Investment Breakdown

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Purchase Price

$219k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,122

Total Expenses

$2,023

Mortgage P&I

56%

$1,188

Property Taxes

2%

$34

Home Insurance

4%

$79

HOA

0%

$0

Property Management

12%

$255

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$233

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