REI Lense

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$2,038 (target)

1941 Red Sunset Dr SW, Decatur, AL 35603

3 beds • 3 baths • 2050 sqft

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This property looks like a bad Long-Term investment with a projected -5.82% first-year return on $66,150 initial cash invested.

-5.82%

Cash On Cash

5.47%

Cap Rate

0.87

DSCR

$2,038

Rent

-$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,038 income − $2,359 expenses = $321 out of pocket

Income$2,038Out of Pocket$321Mortgage P&I$1,65581%Property Taxes$643%Insurance$1105%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,038

Total Expenses

$2,359

Mortgage P&I

81%

$1,655

Property Taxes

3%

$64

Home Insurance

5%

$110

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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