REI Lense

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$1,587 (target)

208 Bermuda Lakes Dr, Meridianville, AL 35759

3 beds • 2 baths • 1503 sqft

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This property looks like a bad Long-Term investment with a projected -4.02% first-year return on $46,557 initial cash invested.

-4.02%

Cash On Cash

6.02%

Cap Rate

0.94

DSCR

$1,587

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,587 income − $1,743 expenses = $156 out of pocket

Income$1,587Out of Pocket$156Mortgage P&I$1,18975%Property Taxes$503%Insurance$795%HOA$131%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

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Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,557

Downpayment

20%

$44,340

Closing costs

1%

$2,217

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,587

Total Expenses

$1,743

Mortgage P&I

75%

$1,189

Property Taxes

3%

$50

Home Insurance

5%

$79

HOA

1%

$13

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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