REI Lense

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$2,022 (target)

2035 East Cir, Alexander City, AL 35010

3 beds • 2 baths • 1800 sqft

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This property might be a fair Mid-Term investment with a projected 4.46% first-year return on $56,787 initial cash invested.

4.46%

Cash On Cash

8.34%

Cap Rate

1.29

DSCR

$2,022

Rent

$211

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,022 income − $1,811 expenses = $211 cash flow

Income$2,022Mortgage P&I$99149%Property Taxes$663%Insurance$663%Management$24312%CapEx$814%Vacancy$613%Maintenance$814%Other$22211%Cash Flow$211

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,787

Downpayment

20%

$36,940

Closing costs

1%

$1,847

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,022

Total Expenses

$1,811

Mortgage P&I

49%

$991

Property Taxes

3%

$66

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$243

CapEx

4%

$81

Vacancy

3%

$61

Maintenance

4%

$81

Other

11%

$222

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