REI Lense

REI Lense

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$1,559 (target)

2005 Virginia Ln, Bessemer, AL 35023

3 beds • 2 baths • 2225 sqft

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This property looks like a bad Long-Term investment with a projected -11.76% first-year return on $60,900 initial cash invested.

-11.76%

Cash On Cash

4.26%

Cap Rate

0.66

DSCR

$1,559

Rent

-$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,559 income − $2,156 expenses = $597 out of pocket

Income$1,559Out of Pocket$597Mortgage P&I$1,54999%Property Taxes$996%Insurance$1027%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,559

Total Expenses

$2,156

Mortgage P&I

99%

$1,549

Property Taxes

6%

$99

Home Insurance

7%

$102

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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