REI Lense

REI Lense

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$1,296 (target)

1967 Forest Oaks Dr W, Mobile, AL 36618

3 beds • 2 baths • 960 sqft

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This property might be a fair Long-Term investment with a projected 5.63% first-year return on $28,350 initial cash invested.

5.63%

Cash On Cash

8.32%

Cap Rate

1.27

DSCR

$1,296

Rent

$133

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,296 income − $1,163 expenses = $133 cash flow

Income$1,296Mortgage P&I$73857%Property Taxes$403%Insurance$474%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%Cash Flow$133

Investment Breakdown

|

Purchase Price

$135k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,350

Downpayment

20%

$27,000

Closing costs

1%

$1,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,296

Total Expenses

$1,163

Mortgage P&I

57%

$738

Property Taxes

3%

$40

Home Insurance

4%

$47

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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