REI Lense

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$1,914 (target)

211 Edison Ave, Gadsden, AL 35904

3 beds • 3 baths • 2382 sqft

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This property looks like a bad Long-Term investment with a projected -8.75% first-year return on $69,405 initial cash invested.

-8.75%

Cash On Cash

4.51%

Cap Rate

0.75

DSCR

$1,914

Rent

-$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,914 income − $2,420 expenses = $506 out of pocket

Income$1,914Out of Pocket$506Mortgage P&I$1,65386%Property Taxes$1508%Insurance$1196%Management$19110%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,405

Downpayment

20%

$66,100

Closing costs

1%

$3,305

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,914

Total Expenses

$2,420

Mortgage P&I

86%

$1,653

Property Taxes

8%

$150

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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