REI Lense

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$1,560 (target)

202 Plantation Dr, Meridianville, AL 35759

3 beds • 2 baths • 1425 sqft

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This property looks like a bad Long-Term investment with a projected -7.5% first-year return on $48,300 initial cash invested.

-7.5%

Cash On Cash

5.55%

Cap Rate

0.83

DSCR

$1,560

Rent

-$302

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,560 income − $1,862 expenses = $302 out of pocket

Income$1,560Out of Pocket$302Mortgage P&I$1,28783%Property Taxes$896%Insurance$805%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,560

Total Expenses

$1,862

Mortgage P&I

83%

$1,287

Property Taxes

6%

$89

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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