REI Lense

REI Lense

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$1,406 (target)

203 Mills Rd E, Fort Payne, AL 35967

3 beds • 2 baths • 1246 sqft

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This property looks like a bad Long-Term investment with a projected -9.19% first-year return on $49,476 initial cash invested.

-9.19%

Cash On Cash

5%

Cap Rate

0.76

DSCR

$1,406

Rent

-$379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,406 income − $1,785 expenses = $379 out of pocket

Income$1,406Out of Pocket$379Mortgage P&I$1,29192%Property Taxes$453%Insurance$846%Management$14110%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$236k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,476

Downpayment

20%

$47,120

Closing costs

1%

$2,356

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,406

Total Expenses

$1,785

Mortgage P&I

92%

$1,291

Property Taxes

3%

$45

Home Insurance

6%

$84

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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