REI Lense

REI Lense

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$1,008 (target)

201 N Fleming St, Opp, AL 36467

3 beds • 2 baths • 1232 sqft

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This property might be a fair Long-Term investment with a projected 1.24% first-year return on $23,310 initial cash invested.

1.24%

Cash On Cash

7.31%

Cap Rate

1.12

DSCR

$1,008

Rent

$24

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,008 income − $984 expenses = $24 cash flow

Income$1,008Mortgage P&I$60260%Property Taxes$616%Insurance$606%Management$10110%CapEx$505%Vacancy$606%Maintenance$505%Cash Flow$24

Investment Breakdown

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Purchase Price

$111k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$23,310

Downpayment

20%

$22,200

Closing costs

1%

$1,110

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,008

Total Expenses

$984

Mortgage P&I

60%

$602

Property Taxes

6%

$61

Home Insurance

6%

$60

HOA

0%

$0

Property Management

10%

$101

CapEx

5%

$50

Vacancy

6%

$60

Maintenance

5%

$50

Other

0%

$0

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