REI Lense

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$2,340 (target)

202 Plantation Dr, Meridianville, AL 35759

3 beds • 2 baths • 1425 sqft

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This property might be a fair Mid-Term investment with a projected 1.59% first-year return on $66,300 initial cash invested.

1.59%

Cash On Cash

7.66%

Cap Rate

1.14

DSCR

$2,340

Rent

$88

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,340 income − $2,252 expenses = $88 cash flow

Income$2,340Mortgage P&I$1,28755%Property Taxes$894%Insurance$803%Management$28112%CapEx$944%Vacancy$703%Maintenance$944%Other$25711%Cash Flow$88

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,340

Total Expenses

$2,252

Mortgage P&I

55%

$1,287

Property Taxes

4%

$89

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$281

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$257

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