REI Lense

REI Lense

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$2,602 (target)

1904 Ridge Ave, Montgomery, AL 36106

3 beds • 3 baths • 2532 sqft

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This property might be a fair Long-Term investment with a projected 1.44% first-year return on $67,536 initial cash invested.

1.44%

Cash On Cash

6.86%

Cap Rate

1.13

DSCR

$2,602

Rent

$81

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,602 income − $2,521 expenses = $81 cash flow

Income$2,602Mortgage P&I$1,62863%Property Taxes$1014%Insurance$1164%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%Cash Flow$81

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,536

Downpayment

20%

$64,320

Closing costs

1%

$3,216

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,602

Total Expenses

$2,521

Mortgage P&I

63%

$1,628

Property Taxes

4%

$101

Home Insurance

4%

$116

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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