REI Lense

REI Lense

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$1,147 (target)

2116 Argyle Way, Gadsden, AL 35904

3 beds • 2 baths • 1784 sqft

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This property looks like a bad Long-Term investment with a projected -10.98% first-year return on $39,900 initial cash invested.

-10.98%

Cash On Cash

4.44%

Cap Rate

0.7

DSCR

$1,147

Rent

-$365

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,147 income − $1,512 expenses = $365 out of pocket

Income$1,147Out of Pocket$365Mortgage P&I$1,01188%Property Taxes$13712%Insurance$666%Management$11510%CapEx$575%Vacancy$696%Maintenance$575%

Investment Breakdown

|

Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,900

Downpayment

20%

$38,000

Closing costs

1%

$1,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,147

Total Expenses

$1,512

Mortgage P&I

88%

$1,011

Property Taxes

12%

$137

Home Insurance

6%

$66

HOA

0%

$0

Property Management

10%

$115

CapEx

5%

$57

Vacancy

6%

$69

Maintenance

5%

$57

Other

0%

$0

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