REI Lense

REI Lense

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$1,561 (target)

2121 43rd Ave, Northport, AL 35476

3 beds • 2 baths • 1340 sqft

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This property looks like a bad Long-Term investment with a projected -6.32% first-year return on $47,691 initial cash invested.

-6.32%

Cash On Cash

5.63%

Cap Rate

0.86

DSCR

$1,561

Rent

-$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,561 income − $1,812 expenses = $251 out of pocket

Income$1,561Out of Pocket$251Mortgage P&I$1,23979%Property Taxes$523%Insurance$805%HOA$352%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,691

Downpayment

20%

$45,420

Closing costs

1%

$2,271

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,561

Total Expenses

$1,812

Mortgage P&I

79%

$1,239

Property Taxes

3%

$52

Home Insurance

5%

$80

HOA

2%

$35

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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