REI Lense

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$2,338 (target)

2005 Virginia Ln, Bessemer, AL 35023

3 beds • 2 baths • 2225 sqft

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This property looks like a bad Mid-Term investment with a projected -3.16% first-year return on $78,900 initial cash invested.

-3.16%

Cash On Cash

5.94%

Cap Rate

0.93

DSCR

$2,338

Rent

-$208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,338 income − $2,546 expenses = $208 out of pocket

Income$2,338Out of Pocket$208Mortgage P&I$1,54966%Property Taxes$994%Insurance$1024%Management$28112%CapEx$944%Vacancy$703%Maintenance$944%Other$25711%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,338

Total Expenses

$2,546

Mortgage P&I

66%

$1,549

Property Taxes

4%

$99

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$281

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$257

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