REI Lense

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$2,216 (target)

2111 Granada Dr, Dothan, AL 36303

3 beds • 2 baths • 1602 sqft

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This property might be a fair Mid-Term investment with a projected 3.57% first-year return on $64,137 initial cash invested.

3.57%

Cash On Cash

7.65%

Cap Rate

1.25

DSCR

$2,216

Rent

$191

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,216 income − $2,025 expenses = $191 cash flow

Income$2,216Mortgage P&I$1,12051%Property Taxes$603%Insurance$914%Management$26612%CapEx$894%Vacancy$663%Maintenance$894%Other$24411%Cash Flow$191

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,137

Downpayment

20%

$43,940

Closing costs

1%

$2,197

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,216

Total Expenses

$2,025

Mortgage P&I

51%

$1,120

Property Taxes

3%

$60

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$266

CapEx

4%

$89

Vacancy

3%

$66

Maintenance

4%

$89

Other

11%

$244

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