REI Lense

REI Lense

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$1,476 (target)

203 Quinn Dr, Gadsden, AL 35903

3 beds • 2 baths • 1661 sqft

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This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $79,779 initial cash invested.

-16.74%

Cash On Cash

2.73%

Cap Rate

0.45

DSCR

$1,476

Rent

-$1,113

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,476 income − $2,589 expenses = $1,113 out of pocket

Income$1,476Out of Pocket$1,113Mortgage P&I$1,903129%Property Taxes$16811%Insurance$1339%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,779

Downpayment

20%

$75,980

Closing costs

1%

$3,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,476

Total Expenses

$2,589

Mortgage P&I

129%

$1,903

Property Taxes

11%

$168

Home Insurance

9%

$133

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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