REI Lense

REI Lense

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$1,602 (target)

2040 Sandy Ave SW, Cullman, AL 35055

3 beds • 2 baths • 1398 sqft

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This property looks like a bad Long-Term investment with a projected -2.99% first-year return on $44,898 initial cash invested.

-2.99%

Cash On Cash

6.4%

Cap Rate

0.97

DSCR

$1,602

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,602 income − $1,714 expenses = $112 out of pocket

Income$1,602Out of Pocket$112Mortgage P&I$1,17273%Property Taxes$563%Insurance$704%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,898

Downpayment

20%

$42,760

Closing costs

1%

$2,138

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,602

Total Expenses

$1,714

Mortgage P&I

73%

$1,172

Property Taxes

4%

$56

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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