REI Lense

REI Lense

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$2,320 (target)

2105 22nd Ave, Northport, AL 35476

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Mid-Term investment with a projected -7.92% first-year return on $95,490 initial cash invested.

-7.92%

Cash On Cash

4.64%

Cap Rate

0.73

DSCR

$2,320

Rent

-$630

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,320 income − $2,950 expenses = $630 out of pocket

Income$2,320Out of Pocket$630Mortgage P&I$1,96485%Property Taxes$683%Insurance$1296%Management$27812%CapEx$934%Vacancy$703%Maintenance$934%Other$25511%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,320

Total Expenses

$2,950

Mortgage P&I

85%

$1,964

Property Taxes

3%

$68

Home Insurance

6%

$129

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$255

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