REI Lense

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$2,109 (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 Mid-Term investment with a projected -0.48% first-year return on $67,476 initial cash invested.

-0.48%

Cash On Cash

6.87%

Cap Rate

1.04

DSCR

$2,109

Rent

-$27

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,109 income − $2,136 expenses = $27 out of pocket

Income$2,109Out of Pocket$27Mortgage P&I$1,29161%Property Taxes$452%Insurance$844%Management$25312%CapEx$844%Vacancy$633%Maintenance$844%Other$23211%

Investment Breakdown

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Purchase Price

$236k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,476

Downpayment

20%

$47,120

Closing costs

1%

$2,356

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,109

Total Expenses

$2,136

Mortgage P&I

61%

$1,291

Property Taxes

2%

$45

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$253

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$232

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