REI Lense

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$2,296 (target)

2108 18th St, Northport, AL 35476

3 beds • 2 baths • 1453 sqft

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This property might be a fair Mid-Term investment with a projected 1.63% first-year return on $71,403 initial cash invested.

1.63%

Cash On Cash

6.85%

Cap Rate

1.15

DSCR

$2,296

Rent

$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,296 income − $2,199 expenses = $97 cash flow

Income$2,296Mortgage P&I$1,26255%Property Taxes$643%Insurance$914%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%Cash Flow$97

Investment Breakdown

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Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,403

Downpayment

20%

$50,860

Closing costs

1%

$2,543

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,296

Total Expenses

$2,199

Mortgage P&I

55%

$1,262

Property Taxes

3%

$64

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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