REI Lense

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$1,565 (target)

2005 Conway Dr, Florence, AL 35630

3 beds • 2 baths • 1638 sqft

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This property looks like a bad Long-Term investment with a projected -8.41% first-year return on $50,379 initial cash invested.

-8.41%

Cash On Cash

5.03%

Cap Rate

0.79

DSCR

$1,565

Rent

-$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,565 income − $1,918 expenses = $353 out of pocket

Income$1,565Out of Pocket$353Mortgage P&I$1,28182%Property Taxes$1479%Insurance$845%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,565

Total Expenses

$1,918

Mortgage P&I

82%

$1,281

Property Taxes

9%

$147

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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